UNLV Center for Business and Economic Research

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

The second estimate of U.S. real gross domestic product (GDP) for 2023Q3 expanded at an annual rate of 5.2 percent, revised up by 0.3 percentage points compared to the advance estimate. The remarkable increase in real GDP mainly reflected strong consumer spending, as well as increased activity in business investment especially in inventory investment driven by expanding … [Read more...] about Business Indicators

The third estimate of U.S. real gross domestic product (GDP) for 2023Q1 grew by an annualized 2.0 percent, revised up by 0.7 percent from the second estimate reported last month. The real GDP’s upward revision mainly reflected stronger-consumer spending in services and exports, partly offset by downward revisions in business investment and federal government … [Read more...] about Business Indicators

The advance estimate of U.S. real gross domestic product (GDP) for 2023Q1 increased by an annualized 1.1 percent, slowing from 2.6 percent in 2022Q4 amid rising interest rates. The weaker real GDP increase mainly reflected reduced business inventories, which were offset by robust consumer spending. Consumer spending lost momentum for the last few months, which may signal a … [Read more...] about Business Indicators