Business Indicators

The second estimate for real gross domestic product (GDP) increased at an annual rate of 2.3 percent in the fourth quarter of 2024, which was mostly attributed to continued increases in consumer and government spending. Seasonally adjusted U.S. nonfarm employment increased by 151,000 jobs in February, with the unemployment rate reaching 4.1 percent and the number of unemployed … [Read more...] about Business Indicators

The advance estimate of U.S. real gross domestic product (GDP) for 2024Q4 posted steady growth at an annualized percentage of 2.3 percent, largely reflecting continued strong consumer spending. Government spending also contributed positively to real GDP growth, while nonresidential and private inventory investments contributed negatively. Residential investment rebounded after … [Read more...] about Business Indicators

The U.S. economy made impressive gains in late 2024. The third and final estimate of U.S. real gross domestic product (GDP) for 2024Q3 exceeded expectations at an annual rate of 3.1 percent, surpassing the original estimate of 2.8 percent. Industries like retail trade and healthcare contributed to the 2024Q3 increase in real GDP, while agriculture and administrative services … [Read more...] about Business Indicators

The second estimate of U.S. real gross domestic product (GDP) for 2024Q3 increased at an annual rate of 2.8 percent, the same as last month’s advance estimate. Real GDP’s robust growth in 2024Q3 was driven by strong consumer spending, supported by higher real income growth, and increased government spending. A decline in private inventory investment and a continued larger … [Read more...] about Business Indicators

The advanced estimate of U.S. real gross domestic product (GDP) for 2024Q3 increased at an annual rate of 2.8 percent. While real GDP experienced robust growth driven by strong consumer spending and increased federal government spending, a slight deceleration occurred in the third quarter from the 3.0 percent second quarter growth rate. This slowdown largely reflected decreased … [Read more...] about Business Indicators

The third estimate for U.S. real gross domestic product (GDP) for 2024Q2 experienced a robust 3.0 percent annual growth rate, unchanged from the second estimate. Although the growth rate remained unchanged, the update reflected upward revisions in private inventory investment and federal government spending, partly offset by downward revisions in nonresidential fixed investment … [Read more...] about Business Indicators

The second estimate for U.S. gross domestic product (GDP) for 2024Q2 rose to a 3.0 percent annual rate -- a 0.2 percent increase from the advanced estimate, driven by an upward revision in consumer spending. The revision was partly offset by downward revisions to private inventory investment, residential and nonresidential fixed investment, and government spending. A surge in … [Read more...] about Business Indicators

The third quarter estimate for U.S. gross domestic product (GDP) for 2024Q1 increased at an annual rate of 1.4 percent, revised upward by 0.1 percentage point from the second estimate. Although the growth rate slowed, the breakdown of the components suggests a robust economy with strong consumer spending, residential and non-residential fixed investment, and government … [Read more...] about Business Indicators

The second quarter estimate for U.S. gross domestic product (GDP) for 2024Q1 increased at an annual rate of 1.3 percent, revised downward by 0.3 percentage points from the advance estimate. Although the growth rate disappointingly slowed, the breakdown of the components suggests a robust economy with strong consumer spending, residential and non-residential fixed investment, … [Read more...] about Business Indicators

The first quarter estimate for the U.S. gross domestic product (GDP) for 2024Q1 increased at an annual rate of 1.6 percent. Although the growth rate was somewhat disappointing, the breakdown of the components suggests a robust economy with strong consumer spending. A surge in imports and reduced business inventories negatively contributed to real GDP growth. Increased imports … [Read more...] about Business Indicators

The third estimate of U.S. real gross domestic product (GDP) for 2023Q4 posted an annual growth rate of 3.4 percent. The increase primarily reflects a substantial increase in consumer and government (both local and state) spending. Residential fixed investment and private inventory investment, however, saw a noticeable decrease. Nevertheless, the higher growth was primarily … [Read more...] about Business Indicators

The second estimate of U.S. real gross domestic product (GDP) for 2023Q4 expanded at an annual rate of 3.2 percent, revised downward by 0.1 percent from the advance estimate. The downward revision reflected decreased private inventory investment, which was partly offset by increased state and local government and consumer spending. Overall, the robust growth was mainly driven … [Read more...] about Business Indicators

The advanced estimate of U.S. real gross domestic product (GDP) for 2023Q4 increased at an annual rate of 3.3 percent. While real GDP experienced robust growth driven by strong consumer spending and increased business investment activity, the deceleration observed in the fourth quarter from the 4.9 percent third quarter was mainly due to slowdowns in federal government spending … [Read more...] about Business Indicators

The third estimate of U.S. real gross domestic product (GDP) for 2023Q3 increased at an annual rate of 4.9 percent, marking a 0.3 percentage point decrease from the second estimate. Although the update primarily reflected a downward revision in consumer spending, the robust growth in real GDP was still mainly driven by strong consumer spending and heightened activity in … [Read more...] about Business Indicators