President at Consumer Metrics Institute
Contributor's Links: Consumer Metrics Institute

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 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.
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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.
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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.
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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.
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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.
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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.
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