Inflation concerns continue to weigh on consumers’ view of the economy. Projections on GDP in the third quarter, however, have been improving. Consumer sentiment declined more than 7% in preliminary October results following two consecutive months of very little change according to the University of Michigan Surveys of Consumers. Assessments of personal finances declined about […]
Gross Domestic Product Increased at Higher Rate in Second Quarter
U.S. real gross domestic product (GDP) increased at an annual rate of 2.4 percent in the second quarter of 2023 according to the advance estimate released by the Bureau of Economic Analysis. In the first quarter, real GDP had increased 2.0 percent. The GDP result was better than analysts expected and has reduced fears that […]
U.S. Real Gross Domestic Product Up in Third Quarter
Real gross domestic product (GDP) in the U.S., that is adjusted for inflation, increased at an annual rate of 2.6 percent in the third quarter of 2022, according to the “advance” estimate released by the Bureau of Economic Analysis. The third quarter results are a turnaround from the second quarter when real GDP had decreased […]