Gross Domestic Product (GDP) "Advance" Released Today for Q4, 2015

The U.S. Gross Domestic Product (GDP) "advance" report for the fourth quarter of 2015 was released this morning by the Commerce Department's Bureau of Economic Analysis (BEA):

Predicted: +0.9%
Actual: +0.7%

"...During 2015 (that is, measured from the fourth quarter of 2014 to the fourth quarter of 2015), real GDP increased 1.8 percent, compared with an increase of 2.5 percent during 2014..."

The highlighted figure represents the quarter-to-quarter change in the Gross Domestic Product for the United States. The "predicted" figure is what economists were expecting, while the "actual" is the true or real figure.

The GDP is the broadest measure of economic activity in the entire United States, covering all sectors of the economy.

The "advance" estimate is based on data that are incomplete or subject to future revision.

• On February 26, 2016, the Commerce Department will release a "preliminary" GDP report for Q4 2015, which will contain more accurate data.
  
  
• On March 25, 2016, a "final" GDP report will be released by the BEA, which will contain the most accurate and authoritative data for Q4 2015.

Click here to view the full Commerce Department report (PDF).

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Gross Domestic Product (GDP) "Advance" Released Today for Q4, 2012

U.S. Gross Domestic Product (GDP) numbers for the fourth quarter of 2012 were released this morning by the Commerce Department's Bureau of Economic Analysis (BEA):

Predicted: +1.0%
Actual: -0.1%

The above percentages represent the quarter-to-quarter change in the Gross Domestic Product for the United States. The "predicted" figure is what economists and Wall Street forecasters were expecting, while the "actual" is the true or real figure.

The GDP is the broadest measure of economic activity in the entire United States, covering all sectors of the economy.

The "advance" estimates are based on data that are incomplete or subject to future revision. Next month, the Commerce Department will release a "preliminary" report for the above-referenced quarter, which will contain more accurate data. Two Months from now, a "final" GDP report will be released by the BEA, which will contain the most accurate and authoritative data on the above-referenced quarter.

Click here to view the full Commerce Department report (PDF).

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Gross Domestic Product (GDP) "Advance" Released Today for Q3, 2012

U.S. Gross Domestic Product (GDP) numbers for the third quarter of 2012 were released this morning by the Commerce Department's Bureau of Economic Analysis (BEA):

Predicted: +1.9%
Actual: +2.0%

The above percentages represent the quarter-to-quarter change in the Gross Domestic Product for the United States. The "predicted" figure is what economists and Wall Street forecasters were expecting, while the "actual" is the true or real figure.

The GDP is the broadest measure of economic activity in the entire United States, covering all sectors of the economy.

The "advance" estimates are based on data that are incomplete or subject to future revision. Next month, the Commerce Department will release a "preliminary" report for the above-referenced quarter, which will contain more accurate data. Eventually, a "final" GDP report will be released by the BEA, which will contain the most accurate and authoritative data on the above-referenced quarter.

Click here to view the full Commerce Department report (PDF).

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Gross Domestic Product (GDP) "Advance" Released Today for Q1, 2009

U.S. Gross Domestic Product (GDP) numbers for the first quarter of 2009 were released this morning by the Commerce Department's Bureau of Economic Analysis:

Predicted: -5.0%
Actual: -6.1%

The above percentages represent the quarter-to-quarter change in the Gross Domestic Product for the United States. The "predicted" figure is what economists and Wall Street forecasters were expecting, while the "actual" is the true or real figure.

The GDP is the broadest measure of economic activity in the entire United States, covering all sectors of the economy.

The "advance" estimates are based on data that are incomplete or subject to future revision. Next month, the Commerce Department will release a "preliminary" report for the above-referenced quarter, which will contain more accurate data. A "final" GDP report will be released later this year, which will contain the most accurate and authoritative data on the above-referenced quarter.

Click here to view the full Commerce Department report (PDF).

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Gross Domestic Product (GDP) "Preliminary" Released Today for Q4 2008

The preliminary, real U.S. Gross Domestic Product (GDP) report for the fourth quarter of 2008 was released this morning:

Predicted: -5.4%
Actual: -6.2%

The above percentages represent the quarter-to-quarter change in the Gross Domestic Product for the United States. The "predicted" figure is what economists and Wall Street forecasters were expecting, while the "actual" is the actual or real figure. The GDP report is produced by the U.S. Commerce Department's Bureau of Economic Analysis.

The final GDP report for Q4 2008, which will contain the most authoritative data for the fourth quarter, will be released on March 26, 2009.

The GDP is a very broad measure of economic activity for the entire United States, covering all sectors of the economy. The Commerce Department defines real GDP as, "the output of goods and services produced by labor and property located in the United States."

Click here to view the full Commerce Department report (PDF).

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Gross Domestic Product (GDP) "Advance" Released Today for Q4, 2008

U.S. Gross Domestic Product (GDP) numbers for the fourth quarter of 2008 were released this morning by the Commerce Department's Bureau of Economic Analysis:

Predicted: -5.4%
Actual: -3.8%

The above percentages represent the quarter-to-quarter change in the Gross Domestic Product for the United States. The "predicted" figure is what economists and Wall Street forecasters were expecting, while the "actual" is the true or real figure.

The GDP is the broadest measure of economic activity in the entire United States, covering all sectors of the economy.

The "advance" estimates are based on data that are incomplete or subject to future revision. Next month, the Commerce Department will release a "preliminary" report for the above-referenced quarter, which will contain more accurate data. A "final" GDP report will be released later this year, which will contain the most accurate and authoritative data on the above-referenced quarter.

Click here to view the full Commerce Department report (PDF).

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Gross Domestic Product (GDP) "Advance" Released Today for Q1, 2008

U.S. Gross Domestic Product (GDP) numbers for the first quarter of 2008 were released this morning by the Commerce Department's Bureau of Economic Analysis:

Predicted: +0.3%
Actual: +0.6%

The above percentages represent the quarter-to-quarter change in the Gross Domestic Product for the United States. The "predicted" figure is what economists and Wall Street forecasters were expecting, while the "actual" is the true or real figure.

The GDP is a very broad measure of economic activity for the entire United States, covering all sectors of the economy.

The "advance" estimates are based on data that are incomplete or subject to future revision. Next month, the Commerce Department will release a "preliminary" report for the above-referenced quarter, which will contain more accurate data. A "final" GDP report will be released later this year, which will contain the most accurate and authoritative data on the above-referenced quarter.

Click here to view the full Commerce Department report (PDF).

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Gross Domestic Product (GDP) "Advance" Released Today for Q4, 2007

U.S. Gross Domestic Product (GDP) numbers for the fourth quarter of 2007 were released this morning by the Commerce Department's Bureau of Economic Analysis:

Predicted: +1.2%
Actual: +0.6%

The above percentages represent the quarter-to-quarter change in the Gross Domestic Product for the United States. The "predicted" figure is what economists and Wall Street forecasters were expecting, while the "actual" is the true or real figure.

The GDP is a very broad measure of economic activity for the entire United States, covering all sectors of the economy.

The "advance" estimates are based on data that are incomplete or subject to future revision. Next month, the Commerce Department will release a "preliminary" report for the above-referenced quarter, which will contain more accurate data. A "final" GDP report will be released later this year, which will contain the most accurate and authoritative data on the above-referenced quarter.

Click here to view the full Commerce Department report (PDF).

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Gross Domestic Product (GDP) "Final" Released Today for Q4, 2006

The final, real U.S. Gross Domestic Product (GDP) report for the fourth quarter of 2006 was released this morning:

Predicted: +2.2%
Actual: +2.5%

The above percentages represent the quarter-to-quarter change in the Gross Domestic Product for the United States. The "predicted" figure is what economists and Wall Street forecasters were expecting, while the "actual" is the true or real figure. The GDP report is produced by the U.S. Commerce Department's Bureau of Economic Analysis.

Today's final GDP report contains the most authoritative data for Q4, 2006.

The GDP is a very broad measure of economic activity for the entire United States, covering all sectors of the economy. The Commerce Department defines real GDP as, "the output of goods and services produced by labor and property located in the United States."

Here's a snippet from a press release (PDF) issued by the Commerce Department this morning:

"Real gross domestic product -- the output of goods and services produced by labor and property located in the United States -- increased at an annual rate of 2.5 percent in the fourth quarter of 2006, according to final estimates released by the Bureau of Economic Analysis. In the third quarter, real GDP increased 2.0 percent.

The GDP estimates released today are based on more complete source data than were available for the preliminary estimates issued last month. In the preliminary estimates, the increase in real GDP was 2.2 percent (see "Revisions" on page 3).

The increase in real GDP in the fourth quarter primarily reflected positive contributions from personal consumption expenditures (PCE), exports, state and local government spending, and federal government spending that were partly offset by negative contributions from residential fixed investment and private inventory investment. Imports, which are a subtraction in the calculation of GDP, decreased.

The small acceleration in real GDP growth in the fourth quarter primarily reflected a downturn in imports and accelerations in PCE, in exports, and in federal government spending that were partly offset by downturns in private inventory investment and in equipment and software and a deceleration in nonresidential structures.

Final sales of computers contributed 0.22 percentage point to the fourth-quarter growth in real GDP after contributing 0.07 percentage point to the third-quarter growth. Motor vehicle output subtracted 1.18 percentage points from the fourth-quarter growth in real GDP after contributing 0.76 percentage point to the third-quarter growth."

Click here to view the full Commerce Department report (PDF).

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Productivity and Labor Cost Report for Q4, 2006 (Revised) Released Today

The Labor Department's Bureau of Labor Statistics this morning released their revised report on Productivity and Unit Labor Costs for the fourth quarter of 2006:

Non-farm Productivity
Predicted: +1.6%
Actual: +1.6%

Unit Labor Costs
Predicted: +3.0%
Actual: +6.6%

The above percentages represent the quarter-to-quarter change in non-farm productivity and unit labor costs.

For non-farm productivity, a positive number represents an improvement in the efficiency of producing domestic goods and services in the U.S., and therefore can signify a favorable inflationary outlook, and vice versa.

The Unit Labor Costs report measures the costs related to producing each unit of output. A positive number can be a harbinger of rising inflation, and vice versa.

The "predicted" figure is what economists and Wall Street forecasters were expecting, while the "actual" is the true or real figure.

Click here to view the full Labor Department report (PDF.)

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Gross Domestic Product (GDP) "Preliminary" Released Today for Q4, 2006

The preliminary, real U.S. Gross Domestic Product (GDP) report for the fourth quarter of 2006 was released this morning:

Predicted: +2.3%
Actual: +2.2%

The above percentages represent the quarter-to-quarter change in the Gross Domestic Product for the United States. The "predicted" figure is what economists and Wall Street forecasters were expecting, while the "actual" is the actual or real figure. The GDP report is produced by the U.S. Commerce Department's Bureau of Economic Analysis.

The final GDP report for Q4, 2006, which will contain the most authoritative data for the fourth quarter, will be released on March 29, 2007.

The GDP is a very broad measure of economic activity for the entire United States, covering all sectors of the economy. The Commerce Department defines real GDP as, "the output of goods and services produced by labor and property located in the United States."

Here's a snippet from a press release (PDF) issued by the Commerce Department this morning:

"Real gross domestic product -- the output of goods and services produced by labor and property located in the United States -- increased at an annual rate of 2.2 percent in the fourth quarter of 2006, according to preliminary estimates released by the Bureau of Economic Analysis. In the third quarter, real GDP increased 2.0 percent.

The GDP estimates released today are based on more complete source data than were available for the advance estimates issued last month. In the advance estimates, the increase in real GDP was 3.5 percent (see "Revisions" on page 3).

The increase in real GDP in the fourth quarter primarily reflected positive contributions from personal consumption expenditures (PCE), exports, state and local government spending, and federal government spending that were partly offset by negative contributions from private inventory investment and residential fixed investment. Imports, which are a subtraction in the calculation of GDP, decreased.

The small acceleration in real GDP growth in the fourth quarter primarily reflected a downturn in imports and accelerations in PCE, in exports, and in federal government spending that were partly offset by downturns in private inventory investment, in equipment and software, and in nonresidential structures.

Final sales of computers contributed 0.23 percentage point to the fourth-quarter growth in real DP after contributing 0.07 percentage point to the third-quarter growth. Motor vehicle output subtracted 1.24 percentage points from the fourth-quarter growth in real GDP after contributing 0.76 percentage point to the third-quarter growth."

Click here to view the full Commerce Department report (PDF).

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Gross Domestic Product (GDP) "Advance" Released Today for Q4, 2006

U.S. Gross Domestic Product (GDP) numbers for the fourth quarter of 2006 were released this morning by the Commerce Department's Bureau of Economic Analysis:

Predicted: +3.1%
Actual: +3.5%

The above percentages represent the quarter-to-quarter change in the Gross Domestic Product for the United States. The "predicted" figure is what economists and Wall Street forecasters were expecting, while the "actual" is the true or real figure.

The GDP is a very broad measure of economic activity for the entire United States, covering all sectors of the economy.

The "advance" estimates are based on data that are incomplete or subject to future revision. Next month, the Commerce Department will release a "preliminary" report for the above-referenced quarter, which will contain more accurate data. A "final" GDP report will be released later this year, which will contain the most accurate and authoritative data on the above-referenced quarter.

Click here to view the full Commerce Department report (PDF).

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