The advance estimate of U.S. real gross domestic product (GDP) for 2022Q4 expanded robustly by an annualized 2.9 percent, which caused 2022 real GDP to increase by 2.1 percent. The real GDP increase largely reflected restocked inventories and increased consumer spending, which the fall in business investment partly offset. Although consumer spending in 2022Q4 experienced a … [Read more...] about Business Indicators
UNLV Center for Business & Economic Research (CBER)
Business IndicatorsFebruary 2023
The third estimate of U.S. real gross domestic product (GDP) for the third quarter of 2022 expanded by an annual 3.2 percent, up by 0.3 percent from the second estimate. While unsustainably strong net exports remained the main contributor to the real GDP gain, the upward revision also reflected larger-than-expected rise in consumer spending and a smaller-than-expected decline … [Read more...] about Business Indicators
Business IndicatorsJanuary 2021
The “second” estimate of U.S. real gross domestic product (GDP) for the third quarter of 2020 grew 33.1 percent at an annual rate, unchanged from the previous estimate. Although the rate of the growth remained the same, revisions occurred for several components. That is, upward revisions to non-residential fixed investment and residential investment were offset by downward … [Read more...] about Business Indicators
Business IndicatorsDecember 2020
The “advance” estimate of U.S. real gross domestic product (GDP) for the third quarter of 2020 jumped by a best-ever 33.1 percent at an annual rate, after a worst-ever decline of 31.4 percent in the previous quarter. U.S. nonfarm employment experienced a stronger-than-expected gain, adding 638,000 jobs in October. Retail sales in September rose robustly by 5.4 percent from last … [Read more...] about Business Indicators
Business IndicatorsNovember 2020
The “third” estimate of U.S. real gross domestic product (GDP) for the second quarter of 2020 plummeted 31.4 percent at an annual rate, slightly better than the second estimate of a 31.7 percent annual contraction. The small upward revision reflected a smaller decline in consumer spending, which was partly offset by larger-than-expected decrease in exports and nonresidential … [Read more...] about Business Indicators
Business IndicatorsOctober 2020
The “second” estimate of U.S. real gross domestic product (GDP) for the second quarter of 2020 plunged by 31.7 percent at an annual rate, slightly better than the advance estimate of a 32.9 percent annual contraction. The upward revision reflected smaller declines in private inventory investment and personal consumption expenditure than previously thought. Overall, the … [Read more...] about Business Indicators
Business IndicatorsAugust 2020
The “third” estimate of U.S. real gross domestic product (GDP) for the first quarter of 2020 contracted by 5.0 percent at an annual rate. The decrease in real GDP was mainly caused by massive shutdowns to contain the coronavirus. U.S. nonfarm employment experienced a stronger-than-expected rebound, adding 4.8 million jobs in June, largely benefitting from a sharp increase of … [Read more...] about Business Indicators
Business IndicatorsJuly 2020
The “second” estimate of U.S. real gross domestic product (GDP) for the first quarter of 2020 contracted by 5.0 percent at an annual rate, lower than the advance estimate of a 4.8 percent contraction. The revision reflected a deeper decrease in private inventory investment, which was partly offset by upward revisions to consumer spending and nonresidential fixed investment. The … [Read more...] about Business Indicators
Economic Forecast 2016: Increasing Stability and Growth
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
November 2013: Business Indicators
Revised estimates for second quarter 2013 show U.S. real gross domestic product increasing at an annualized rate of 2.5 percent, an improvement over the 1.7 percent growth first reported. Federal government spending made negative contributions. Personal consumption expenditures, private inventory investment, business fixed investment, residential investment, and state and local … [Read more...] about November 2013: Business Indicators
October 2013: Business Indicators
Revised estimates for second quarter 2013 show U.S. real gross domestic product increasing at an annualized rate of 2.5 percent, an improvement over the 1.7 percent growth first reported. Federal government spending made negative contributions. Personal consumption expenditures, private inventory investment, business fixed investment, residential investment and state and local … [Read more...] about October 2013: Business Indicators
September 2013: Business Indicators
Estimates for second quarter 2013 show U.S. real gross domestic product increasing at an annualized rate of 1.7 percent, an improvement over the 1.1 percent growth experienced in first quarter 2013. Federal government spending and net exports made negative contributions. Personal consumption expenditures, private inventory investment, business fixed investment, residential … [Read more...] about September 2013: Business Indicators
August 2013: Business Indicators
The “third” estimate for first quarter 2013 show U.S. real GDP increasing at an annualized rate of 1.8 percent, an improvement over the 0.4 percent growth experienced in fourth quarter 2012. Federal government spending, net exports and state and local government spending all made negative contributions while personal consumption expenditures, private inventory investment, … [Read more...] about August 2013: Business Indicators
July 2013: Business Indicators
Revised estimates for first quarter 2013 show U.S. real GDP increasing at an annualized rate of 2.4 percent, an improvement over the 0.4 percent growth experienced in fourth quarter 2012. Federal government spending, net exports, and state and local government spending all made negative contributions. Personal consumption expenditures, private inventory investment, business … [Read more...] about July 2013: Business Indicators
June 2013: Business Indicators
Initial estimates for first quarter 2013 show U.S. real GDP increasing at an annualized rate of 2.5 percent, an improvement over the 0.4 percent growth experienced in fourth quarter 2012. Federal government spending, net exports, and state and local government spending all made negative contributions. Personal consumption expenditures, private inventory investment, business … [Read more...] about June 2013: Business Indicators