Q4:2013 US GDP Nowcast: +2.0%

This year’s fourth-quarter US GDP is expected to increase 2.0% (real seasonally adjusted annual rate), according to The Capital Spectator’s revised average econometric nowcast. The projected growth rate is slightly higher than the previous 1.9% estimate, which was published on November 18. The government’s initial estimate of this year’s Q4 GDP is scheduled for release on […]

State GDP shows a manufacturing rebound in 2012

State GDP shows the following in 2012: durable goods manufacturing and finance and insurance are primary drivers of cross-sectional growth. This confirms the national story, according to the BEA. A state-level breakdown shows strong (a surge in) economic activity in North Dakota, Oregon, Texas, and Utah, as 2012 real GDP was the highest in these economies compared […]

Euro Area GDP Report: Not Pretty

Today Eurostat released the second estimate of Q4 2011 Gross Domestic Product. Real Euro area (EA) GDP declined 0.3% over the quarter (-1.3% on an annualized basis). In this release Eurostat provides a breakdown across region, spending categories, and industry, and is much more detailed than the preliminary flash estimate. It’s not pretty. The expenditure side was very weak. Household and government consumption declined […]