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Output is still rising smartly according to one index (2.1% m/m annualized): Figure 1: GDP (blue bars), SPGMI monthly GDP (red), Brave-Butters-Kelley index (blue), Coincident Index...
For decades, Gross Domestic Product (GDP) has been used as a benchmark of society’s progress. Yet, as the GDP figures keep ticking up, so too does a profound disenchantment with th...
From Atlanta Fed and Goldman Sachs, today: Figure 1: Final sales to private domestic purchasers (bold black), 2023-24 stochastic trend (gray), March SPF median (brown), GDPNow (lig...
Preliminary GDP rose 2% SAAR after 0.5% in Q4. Final sales to private domestic purchasers — aka “core GDP” — grew 2.5% vs. 1.8% previous. In general, since the pandemic, core GDP h...
The global economy has reached $126 trillion in size. Four countries are responsible for half of this output.
From the releases today: Figure 1: Nonfarm payroll (NFP) employment preliminary benchmark revision (thin blue), NFP employment (bold blue), civilian employment with smoothed popula...
GDP grows 2% SAAR in the Q1 advance release (see Jim’s discussion here). Real personal income ex-transfers is flat. Figure 1: NFP employment (bold blue), civilian employment with s...
New figures from the Office for National Statistics show that UK GDP in the first quarter grew by 0.6%. In line with expectations following growth in Q4 2024 of 0.2%… The largest g...
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