GDP (Aug 2011)
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The US GDP is released quarterly by the Bureau of Economic Analysis, with advance estimates published the month after the quarter ends, preliminary estimates two months after, and final estimates three months after. The annual GDP is revised each July. The document notes that the 2nd quarter 2011 advance US GDP estimate of 1.4% growth did not meet the consensus expectation of 1.9%, with personal consumption up just 0.1%. The preliminary 2nd quarter GDP of 1.0% also fell below consensus, as personal consumption rose 0.4%. Annual revisions lowered 1st quarter 2011 growth from 1.9% to 0.4% and 2009 declines from -2.6% to -3.5%, with 2008 revised from
GDP (Aug 2011)
- 1. US GDP Outline Yoshio TSUJI August 2, 2011 ? U.S. Department of Commerce Bureau of Economic Analysis; BEA ? Release schedule (8:30) – Quarterly Advance estimates: 翌月 25 ～末日 Preliminary: 翌々月 25 ～末日 Final: 翌々々月 25 ～末日 毎年７月に annual revision
- 2. Still below pre-recession level 1) Advance: 2Q: 1.4% ? consensus 1.9% Personal consumption: 0.1% 2) Preliminary: 2Q: 1.0% ? consensus 1.1% Personal consumption: 0.4% <Annual revision> 1Q: 0.4% ← 1.9% CY2009: -3.5% ← -2.6% CY2008: -0.3% ← 0.0%
- 3. Stagnation of consumer spending
- 4. Stagnation of consumer spending