Statistics Canada | Statistique Canada’s Post

Real gross domestic product (GDP) increased at an annual rate of 1.3 percent in the first quarter of 2024, according to the "second" estimate. In the fourth quarter of 2023, real GDP increased 3.4 percent. The increase in the first quarter primarily reflected increases in consumer spending and housing investment that were partly offset by a decrease in inventory investment. Imports, which are a subtraction in the calculation of GDP, increased.

The second quarter of 2024 brought a remarkable 3.0% increase in real GDP, according to the third estimate. This growth, consistent with earlier estimates, was driven by consumer spending, inventory investment, and business investment. However, it's also important to note that imports, which negatively impact GDP, increased during this period. Meanwhile, the first quarter of 2024 saw its GDP growth revised to 1.6%. These figures highlight the dynamic nature of our economy and the various factors at play. #Economy #GDP

The BEA’s second estimate of Q1 GDP growth came in at 1.3% on a seasonally adjusted annual rate (SAAR). Compared to last month’s advance estimate, there were downward revisions to consumer spending, government consumption and inventory investment that were only partially offset by upward revisions to state and local government spending, fixed investment.

Real gross domestic product (GDP) increased at an annual rate of 2.3% in the last quarter of 2024, a slowdown from 3.1% in the third quarter. Factors that contributed positively to real GDP growth were higher consumer spending, higher government spending, and lower imports. At the same time, these positive contributions were partly offset by a decrease in investments. For the full year, GDP increased by 2.8% in 2024 compared to its 2023 increase of 2.9%. This growth suggests that the US economy continues to be in a relatively strong position and is expected to expand going into 2025. https://lnkd.in/ei9kfnHA

The BEA’s third estimate of Q1 GDP growth came in at 1.4% on a seasonally adjusted annual rate (SAAR), a downshift from 3.4% growth over Q4 2023. The upward revision primarily reflects a downward revision to imports and an upward revision to nonresidential fixed investment and government spending. These revisions were partly offset by a downward revision to consumer spending.

Real gross domestic product (GDP) increased at an annual rate of 3.1 percent in the third quarter of 2024 (table 1), according to the "third" estimate released by the U.S. Bureau of Economic Analysis. In the second quarter, real GDP increased 3.0 percent.

🇺🇸 In Q3, the U.S GDP quarter-on-quarter growth reached 3.1%, surpassing the previous quarter's 2.8%. The estimated growth was 2.8%. #USGDP #EconomicIndicators #Investing

In the first quarter of the year, US gross domestic product (GDP) growth decelerated to an annual rate of 1.6%, down from 3.4% in the previous quarter, according to the US Bureau of Economic Analysis. This growth rate was lower than the consensus forecast of 2.2%, reported by US News and World Report. The slowdown primarily resulted from decreased consumer spending, exports, and government spending, although residential fixed investment and imports saw acceleration. Despite inflation concerns and a strong labor market, the Federal Reserve may view this softer GDP growth positively, potentially delaying interest rate cuts, according to a post by Erik Lundh, principal economist at The Conference Board. However, revisions to GDP data in recent quarters suggest caution, with a second estimate due later in May. Learn more here: https://lnkd.in/gKf6BgBf

Gross Domestic Product (Third Estimate), Corporate Profits (Revised Estimate), and GDP by Industry, First Quarter 2024 Real gross domestic product (GDP) increased at an annual rate of 1.4 percent in the first quarter of 2024, according to the "third" estimate. In the fourth quarter of 2023, real GDP increased 3.4 percent. The increase in the first quarter primarily reflected increases in consumer spending, housing investment, business investment, and state and local government that were partly offset by a decrease in inventory investment. Imports, which are a subtraction in the calculation of GDP, increased. Full Text Published June 27, 2024 at 08:30AM https://ift.tt/ZIEG8oS

📣 🔥 US GDP Growth Hits 3.1% in Q3 2024! 🔥 🌟 Biggest Growth of the Year! 🌟 💸 Personal Spending: +3.7% (Fastest since Q1 2023!) 🛍️ Goods Consumption: +5.6% 📈 🏢 Fixed Investment: +2.1% 🚀 ⚙️ Equipment Investment: +10.8% 💼 🔄 Net Trade: Less negative (-0.43 pp) 📤 Exports: +9.6% 🌎 | 📥 Imports: +10.7% 📉 Drags: 🏠 Residential Investment: -4.3% 🏡 📦 Private Inventories: -0.22 pp #GDP #USEconomy #Growth #FinancialNews #MarketUpdate 🌟