US Advance GDP q/q
It's the broadest measure of economic activity and the primary gauge of the economy's health;
While this is q/q data, it's reported in an annualized format (quarterly change x4). There are 3 versions of GDP released a month apart – Advance, Preliminary, and Final. The Advance release is the earliest and thus tends to have the most impact;
- US Advance GDP q/q Graph
- History
Expected Impact / Date | Actual | Forecast | Previous |
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Jan 30, 2025 | 2.3% | 2.7% | 3.1% |
Oct 30, 2024 | 2.8% | 3.0% | 3.0% |
Jul 25, 2024 | 2.8% | 2.0% | 1.4% |
Apr 25, 2024 | 1.6% | 2.5% | 3.4% |
Jan 25, 2024 | 3.3% | 2.0% | 4.9% |
Oct 26, 2023 | 4.9% | 4.5% | 2.1% |
Jul 27, 2023 | 2.4% | 1.8% | 2.0% |
Apr 27, 2023 | 1.1% | 2.0% | 2.6% |
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- US Advance GDP q/q News
- From economics.bmo.com|Jan 30, 2025
The initial estimate of fourth quarter U.S. GDP growth came in at 2.3% annualized, down from 3.1% in the third quarter. This was near our estimate of 2.2%, but below the consensus forecast looking for a 2.6% pace. It was another good year with growth coming in at 2.8% year/year in 2024, just a touch lower than 2023’s 2.9% pace. On a Q4/Q4 basis, GDP growth in 2024 was 2.5%, down from 3.2% in 2023. No matter how you measure it, growth was still running a little hot in 2024—markedly above what most economists consider longer-term ...
- From bea.gov|Jan 30, 2025|4 comments
Real gross domestic product (GDP) increased at an annual rate of 2.3 percent in the fourth quarter of 2024 (October, November, and December), according to the advance estimate released by the U.S. Bureau of Economic Analysis. In the third quarter, real GDP increased 3.1 percent. chart The increase in real GDP in the fourth quarter primarily reflected increases in consumer spending and government spending that were partly offset by a decrease in investment. Imports, which are a subtraction in the calculation of GDP, decreased. For ...
- From scotiabank.com|Jan 25, 2025
Welcome to tariff week. Or maybe it’s global central bank week. Or growth and inflation week. Or how about earnings week. If you think January has been exhausting—and I have some sympathy for that—then it’s not going to release its grip on you just yet as the final week of the month is jam-packed with expected developments. Developments that may fan enormous market volatility. Eight central banks will weigh in with their first decisions of the new year this week including the Federal Reserve, the ECB, the Bank of Canada, and several ...
- From scotiabank.com|Oct 30, 2024
Ok that title won’t win any prizes, but it gets across the point. The US economy grew strongly while generating light, but slightly stronger than expected inflation as ADP payrolls ripped higher and a leading indicator of existing home sales jumped higher. Key is the strength of the consumer. Bonds didn’t like that so much at first, with the 2-year yield rising by about 5bps post-releases before moderating this response as the UK budget’s effect on gilts with some spillover effects arrived, and the US launched missile strikes on ISIS ...
- From economics.cibccm.com|Oct 30, 2024
The US economy continued growing at strong pace in Q3, with GDP growth coming in at 2.8% q/q annualized, very close to consensus expectations of 2.9% and a couple of ticks below last quarter’s 3.0% increase. The pickup in growth was driven by consumption again, which came in at scorching 3.7% (+2.5pp contribution) compared to expectations of 3.3% and the government component at 5.0% (+0.9pp). Business investment growth slowed a bit at 3.3% (+0.5pp) compared to the 4% average over the past three quarters because of softness in ...
- From argusmedia.com|Oct 30, 2024
The US economy grew by an annualized 2.8pc in the third quarter, led by consumer and government spending and exports. Gross domestic product (GDP) growth slowed from 3pc in the second quarter, the Commerce Department reported today. Personal consumption grew at a 3.7pc pace, up from 2.8pc in the second quarter and 3.5pc a year earlier. Today's GDP estimate is the first of three for the quarter, and comes in slightly below analyst estimates in a Trading Economics survey of 3pc growth. The latest figure marks a 10th quarter of GDP ...
- From bea.gov|Oct 30, 2024|2 comments
Real gross domestic product (GDP) increased at an annual rate of 2.8 percent in the third quarter of 2024 (table 1), according to the "advance" estimate released by the U.S. Bureau of Economic Analysis. In the second quarter, real GDP increased 3.0 percent. The GDP estimate released today is based on source data that are incomplete or subject to further revision by the source agency (refer to “Source Data for the Advance Estimate” on page 2). The “second” estimate for the third quarter, based on more complete source data, will be ...
- From zerohedge.com|Oct 28, 2024
Welcome to what is without doubt the busiest two-week stretch of the year, starting with a barrage of earnings, payrolls, JOLTS, GDP, PCE and the Treasury refunding, and concluding with next week's presidential election. But first a look at the recent action, which as DB's Peter Sidorov wraps up, saw the festive mood that dominated this fall suffer a mini-scare last week, as the S&P 500 fell for the first time in six weeks while the bond sell-off continued apace. And there’ll be plenty to test the market nerves with this week's ...
Released on Jan 30, 2025 |
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Released on Oct 30, 2024 |
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