Las Vegas economy

U.S. real gross domestic product (GDP) for the third quarter of 2016 grew at a 3.2 percent annualized rate instead of the 2.9 percent from the advanced estimate. The upward revision reflected higher consumer spending and net exports than previously reported, which were partly offset by smaller-than-expected fixed investment and state and local government spending. The … [Read more...] about January 2017: Business Indicators

U.S. real gross domestic product (GDP) for the third quarter of 2016 expanded at a 2.9 percent annualized growth rate based on the advanced estimate. This unusual and surprising jump after three quarters of sluggish growth reflects a surge in agricultural (soybean) exports and a rebound in business inventories, which bring doubt about continued strong growth in the fourth … [Read more...] about December 2016: Business Indicators

The U.S. real gross domestic product (GDP) grew at a 1.4 percent annual rate in the second quarter of 2016, revised up by 0.3 percentage point from the second estimate. The upward revisions mainly reflected an increase in nonresidential fixed investment, which decreased in the previous estimate. Large gains in consumer spending contributed to a rise in real GDP, while cutback … [Read more...] about Business Indicators: November 2016

The U.S. real gross domestic product (GDP) grew at a 1.1 annual rate in the second quarter of 2016, The increase in real GDP was mainly due to surprisingly large gains in consumer spending, while cutbacks in private business investment contributed to U.S. economic growth remaining stuck in the slow lane. In spite of lackluster business investment, U.S. nonfarm employment added … [Read more...] about Business Indicators: October 2016

According to analysts, Nevada’s economy will continue to show improvement in 2016, but with a few new wrinkles thrown in. Rising wages will mean more disposable income, which in turn boosts consumer spending. Job creation, described as the single best indicator of economic growth, is expected to add more than 52,000 workers to company payrolls this year, according to the Nevada … [Read more...] about Economic Forecast 2016: Increasing Stability and Growth

The “second” estimate for U.S. real gross domestic product (GDP) in the second quarter of 2015 indicates an annualized rate increase of 3.7 percent, which is a significant upward revision from the advance estimate of 2.3 percent. The Bureau of Economic Analysis stated that second-quarter increases in real GDP mostly reflected strong consumer spending. More generally, personal … [Read more...] about Business Indicators: October 2015

The “third” estimate for fourth quarter 2014 shows U.S. real gross domestic product increasing at an annualized rate of 2.2 percent. Compared to the “second” estimate, personal consumption expenditures increased more, but were offset by smaller changes in private inventories. Nonresidential fixed investment, residential investment, and state and local government spending also … [Read more...] about Business Indicators: May 2015

The “second” estimate for fourth quarter 2014 shows U.S. real gross domestic product increasing at an annualized rate of 2.2 percent, lower than the 2.6 percent growth first reported. Compared to the “advanced” estimate, changes in private inventories increased less and nonresidential fixed investment increased more. Personal consumption expenditures, residential investment, … [Read more...] about Business Indicators: April 2015

As Nevada’s economy picks up the pace, businesses are returning to Nevada and Nevada is returning to business – mostly. In Southern Nevada there’s no real wage growth, gaming revenues are down, home sales are slowing. At the same time, industrial property vacancies are dropping, flex space rents are low but flex spaces themselves are filling, and big box industrial space is … [Read more...] about A Developing State: Growing Economy Encourages New Projects

The “third” estimate for third quarter 2014 shows U.S. real gross domestic product increasing at an annualized rate of 5 percent, higher than the 3.9 percent growth initially reported. In the revision, personal consumption expenditures and nonresidential fixed investment increased more than previously estimated. Residential investment, net exports, federal government spending, … [Read more...] about Business Indicators: February 2015

The “second” estimate for third quarter 2014 shows U.S. real gross domestic product increasing at an annualized rate of 3.9 percent, higher than the 3.5 percent growth initially reported. In the revision, personal consumption expenditures and nonresidential fixed investment increased more than previously estimated, while private inventory investment decreased less. Residential … [Read more...] about Business Indicators: January 2015

The “third” estimate for second quarter 2014 shows U.S. real gross domestic product increasing at an annualized rate of 4.6 percent, slightly higher than the 4.2 percent growth reported in the “second” estimate. The revision was due to the increases in nonresident fixed investment and exports being larger than previously estimated. U.S. nonfarm employment experienced robust … [Read more...] about Business Indicators: November 2014