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President at Consumer Metrics Institute
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Rick Davis is President of Consumers Metrics Institute (CMI).  CMI revolutionizes ways in which economic data is collected and published, by moving the methodologies and technologies involved into the twenty-first century.  First, CMI moved as far 'up-stream' economically as ... more

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BEA Revises Second Quarter 2020 GDP Contraction Slightly To -31.71%
In their second estimate of the US GDP for the second quarter of 2020, the BEA reported that the US economy was contracting at a -31.71% annual rate, up 1.20 percentage points from their previous estimate and down -26.74pp from the prior quarter.
BEA Reports That Second Quarter 2020 GDP Contracted At A -32.91% Rate
In their first (preliminary) estimate of the US GDP for the second quarter of 2020, the BEA reported that the US economy was contracting at an unprecedented -32.91% annual rate, down -27.94 percentage points (pp) from the prior quarter.
BEA Revises First Quarter 2020 GDP Contraction Slightly Upward To -4.99%
In their third and final estimate of the US GDP for the first quarter of 2020, BEA reported that the US economy was contracting at a -4.99% annual rate, up 0.07 percentage points from their previous estimate and down -7.11pp from the prior quarter.
BEA Revises First Quarter 2020 GDP Contraction Downward To -5.06%
In their second estimate of the US GDP for the first quarter of 2020, the BEA reported that the US economy was contracting at a -5.06% annual rate, down -0.27 percentage points from their previous estimate and down -7.18pp from the prior quarter.
BEA Reports That First Quarter 2020 GDP Contracted At A -4.79% Rate
In their first (preliminary) estimate of the US GDP for the first quarter of 2020, the Bureau of Economic Analysis reported that the US economy was contracting at a -4.79% annual rate, down -6.91 percentage points (pp) from the prior quarter.
BEA Nudges Fourth Quarter 2019 GDP Growth Upward To 2.12%
In a mostly meaningless third and final estimate of the US GDP for the fourth quarter of 2019, the Bureau of Economic Analysis reported that the US economy was growing at a +2.12% annual rate.
BEA Leaves Fourth Quarter 2019 GDP Growth Unchanged At 2.09%
In their second estimate of the US GDP for the fourth quarter of 2019, the BEA reported that the US economy was growing at a +2.09% annual rate, up 0.01 percentage points (pp) from their previous estimate and unchanged from the prior quarter.
BEA Reports That Fourth Quarter 2019 GDP Grew At A 2.08% Rate
In their first (preliminary) estimate of the US GDP for the fourth quarter of 2019, the Bureau of Economic Analysis reported that the US economy was growing at a +2.08% annual rate, down -0.01 percentage points (pp) from the prior quarter.
BEA Revises Third Quarter 2019 GDP Growth Downward To 2.09%
Although the headline number changed by only -0.04pp, there were two material shifts in the composition of that number.
BEA Revises Third Quarter 2019 GDP Growth Upward To 2.13%
In their second estimate of the US GDP for the third quarter of 2019, the BEA reported that the US economy was growing at a +2.13% annual rate, up 0.20 percentage points (pp) from their previous estimate and up 0.12pp from the prior quarter.
BEA Reports That Third Quarter 2019 GDP Grew At A 1.93% Rate
In their first (preliminary) estimate of the US GDP for the third quarter of 2019, the Bureau of Economic Analysis reported that the US economy was growing at a +1.93% annual rate, down -0.08 percentage points (pp) from the prior quarter.
BEA Leaves Second Quarter 2019 GDP Growth Essentially Unchanged At 2.04%
In their second estimate of the US GDP for the second quarter of 2019, the BEA reported that the US economy was growing at a +2.04% annual rate, down -0.01 percentage points (pp) from their previous estimate and down -1.05pp from the prior quarter.
BEA Reports That 2nd Quarter 2019 GDP Growth Grew At 2.05%
In their first (preliminary) estimate of the US GDP for the second quarter of 2019, the Bureau of Economic Analysis (BEA) reported that the US economy was growing at a +2.05% annual rate.
BEA Revises 1st Quarter 2019 GDP Growth Slightly Upward To 3.14%
In their third (and final) estimate of the US GDP for the first quarter of 2019, the BEA reported that the US economy was growing at a +3.14% annual rate, up +0.07 percentage points from the previous report, and up +0.98pp from the prior quarter.
BEA Revises 1st Quarter 2019 GDP Growth Slightly Downward To 3.07%
In their second estimate of the US GDP for the first quarter of 2019, the BEA reported that the US economy was growing at a +3.07% annual rate, down -0.11 percentage points (pp) from the previous report, but still up +0.91pp from the prior quarter.
BEA Revises 4th Quarter 2018 GDP Growth Downward To 2.16%
In their final estimate of the US GDP for the fourth quarter of 2018, the Bureau of Economic Analysis (BEA) reported that the US economy was growing at a +2.16% annual rate, down -0.42 percentage points (pp) from their previous estimate.
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