Rick Davis Blog | Talkmarkets | Page 1
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 First Quarter 2021 GDP Growth Slightly Downward To 6.36%
In their third and final estimate of the US GDP for the first quarter of 2021, the BEA reported that the US economy was growing at a +6.36% annual rate, down -0.04 percentage points from their previous estimate and up 2.04pp from the prior quarter.
BEA Leaves First Quarter 2021 GDP Growth Unchanged At 6.4%
In their second estimate of the US GDP for the first quarter of 2021, the BEA reported that the US economy was growing at a +6.40% annual rate, essentially unchanged and up 2.08pp from the prior quarter.
BEA Reports That First Quarter 2021 GDP Grew At A 6.39% Rate
In their first (preliminary) estimate of the US GDP for the first quarter of 2021, the Bureau of Economic Analysis (BEA) reported that the US economy was growing at a +6.39% annual rate, up 2.07 percentage points (pp) from the prior quarter.
BEA Revises Fourth Quarter 2020 GDP Growth Upward To 4.32%
In their third and final estimate of the US GDP for the fourth quarter of 2020, the BEA reported that the US economy was growing at a +4.32% annual rate, up 0.23pp from their previous estimate and down -29.12pp from the prior quarter.
BEA Reports That Third Quarter 2020 GDP Grew At A 33.09% Rate
In their first (preliminary) estimate of the US GDP for the third quarter of 2020, the Bureau of Economic Analysis reported that the US economy was growing at a +33.09% annual rate, up 64.48 percentage points (pp) from the prior quarter.
BEA Revises Second Quarter 2020 GDP Contraction Slightly Upward To -31.39%
In their third and final estimate of the US GDP for the second quarter of 2020, the BEA reported that the US economy was contracting at a -31.39% annual rate, up 0.32pp from their previous estimate -- but still down -26.42pp from the prior quarter.
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.
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