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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 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.
US BEA Estimates 4th Quarter 2018 GDP Growth At 2.58%
Household disposable income was reported to be up +$381 per annum on a quarter over quarter basis, and the household savings rate was reported to be 6.7% (up +0.3pp from the prior quarter).
BEA Revised 3rd Quarter 2018 GDP Slightly Downward To 3.36%
In their third and final estimate of the US GDP for the third quarter of 2018, the BEA reported that the US economy was growing at a +3.36% annual rate, down -0.14% from their previous estimate and down -0.80% from the prior quarter.
BEA Leaves 3rd Quarter 2018 GDP Unchanged At 3.50%
In their second estimate of the US GDP for the third quarter of 2018, the BEA reported that the US economy was growing at a +3.50% annual rate, up +0.01% from their previous estimate but still down -0.66% from the prior quarter.
BEA Estimates 3rd Quarter 2018 GDP Growth At 3.49%
In their first ("preliminary") estimate of the US GDP for the third quarter of 2018, the Bureau of Economic Analysis (BEA) reported that the US economy was growing at a +3.49% annual rate, down -0.67% from the prior quarter.
BEA Leaves 2nd Quarter 2018 GDP Growth Essentially Unchanged At 4.16%
In their third (and final) estimate of the US GDP for the second quarter of 2018, the Bureau of Economic Analysis (BEA) reported that the US economy was growing at a +4.16% annual rate.
BEA Revises 2nd Quarter 2018 GDP Growth Upward To 4.23%
In their second estimate of the US GDP for the second quarter of 2018, the Bureau of Economic Analysis reported that the US economy was growing at a +4.23% annual rate, up +0.16% from their previous estimate and up +2.01% from the prior quarter.
BEA Estimates 2nd Quarter 2018 GDP Growth At 4.07%
In their first ("Advance") estimate of the US GDP for the second quarter of 2018, the Bureau of Economic Analysis reported that the US economy was growing at a +4.07% annual rate, up a significant +1.85% from a revised prior quarter.
BEA Revises 1st Quarter 2018 GDP Growth Downward To 2.00%
In their third estimate of the US GDP for the first quarter of 2018, the Bureau of Economic Analysis reported that the US economy was growing at a +2.00% annual rate, down -0.17% from their previous estimate and down -0.88% from the prior quarter.
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