In current dollars, our fourth quarter GDP grew at a 6.51% annual rate, increasing from what would work out to a $25,723.9 billion annual rate in the 3rd quarter to a $26,132.5 annual rate in the 4th quarter, with the headline 2.9% annualized rate of increase in real output arrived at after annualized inflation adjustments averaging 3.5%, aka the GDP deflator, were computed

The Economic Populist

18.04.2023

Retail Sales Fell 1.0% in March, but PCE Goods Still Adds 167 Basis Points to Q1 GDP | The Economic Populist

Now that we have estimates of the percentage change in real PCE goods for all three months of the first quarter, we can also estimate the contribution that real PCE goods will make to 1st quarter GDP

The Economic Populist

23.11.2023

Global oil production was 1,680,000 barrels per day less than demand in October | The Economic Populist

Last week saw the release of OPEC's November Oil Market Report, which includes the details on OPEC's & global oil data for October, and hence it gives us a picture of the global oil supply & demand situation as Chinese demand grew faster than expected, after their first half recovery from the country's restrictive Covid policy had stalled over the summer, while oil supplies

The Economic Populist

23.01.2024

Real PCE Goods Computed from Retail Sales Implies a 68 Basis Point Boost to Q4 GDP | The Economic Populist

With estimates of the relative change in real PCE goods between the months of the 3rd and the months of the 4th quarter, we are also able to estimate the change in real PCE goods between those two quarters.

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Economy

4th Quarter GDP Grew at 2.9% Rate on Increased Inventories, Personal Services, and Government | The Economic Populist

Retail Sales Fell 1.0% in March, but PCE Goods Still Adds 167 Basis Points to Q1 GDP | The Economic Populist

Global oil production was 1,680,000 barrels per day less than demand in October | The Economic Populist

Real PCE Goods Computed from Retail Sales Implies a 68 Basis Point Boost to Q4 GDP | The Economic Populist

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