Real GDP Increased at an Annual Rate of 3.00% Real GDP increased at an annual rate of 3.00% in the second quarter of 2017, according to the “second” estimate released by the Bureau of Economic Analysis (BEA),. The estimate is based on more complete source data than were previously available. The third and final estimate [...]
Estimated Third Quarter GDP Increased 3.9% According to the Bureau of Economic Analysis, real gross domestic product-the value of the production of goods and services in the United States, adjusted for price changes, increased at an annual rate of 3.9 percent in the third quarter of 2014, according to the “second” estimate. In the second [...]
The Chicago Fed National Activity Index (CFNAI) was released on Monday: Led by improvements in production related indicators, the CFNAI rose to +0.39 in July from +0.21 in June. Three of the four broad categories of indicators that make up the index made positive contributions to the index in July and two of the four [...]
A little late on this but the American Iron & Steel Institute (AISI) reported on 7/23: US raw steel production increased 1.2 percent the week of July 15 as mills operated at an average capability utilization rate (ACUR) of 79.5 percent, the highest production level since mid-May. In the corresponding week last year mills operated at [...]
Led by improvements in production related indicators, the Chicago Fed National Activity Index (CFNAI) increased to -0.30 in May from 0-0.52 in April. The index’s 3 month moving average, CFNAI-MA3, decreased to -0.43 in May from -0.13 in April, marking the third consecutive reading below zero and its lowest level since October 2012. May’s CFNAI-MA3 [...]