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President at Consumer Metrics Institute
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Rick Davis is President of Consumers Metrics Institute (CMI).  CMI revolutionizes ways in which economic data is collected and published, by moving the methodologies and technologies involved into the twenty-first century.  First, CMI moved as far 'up-stream' economically as ... more

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BEA Revises 1st Quarter 2017 GDP Growth Upward To 1.16% - Friday, May 26
The BEA revised the growth of the US economy upward to a +1.16% annual rate, up +0.47% from their previous estimate for the first quarter but still down nearly a percent (-0.92%) from the +2.08% reported for the fourth quarter of 2016.
BEA Estimates 1st Quarter 2017 GDP Growth At 0.69% - Friday, April 28
In their first (preliminary) estimate of the US GDP for the first quarter of 2017, the BEA reported that the US economy was growing at a +0.69% annual rate, down roughly two-thirds (-1.39%) from the +2.08% reported for the prior quarter.
BEA Revision Revises 4th Quarter 2016 GDP Growth Upward To 2.08 - Thursday, March 30
In the prior quarter the BEA reported that the US GDP was growing at a 3.53% annualized rate. Now that growth has dropped by -1.45%. Final sales growth rate dropped quarter-to-quarter by nearly -2%.
BEA Revision Revises 4th Quarter 2016 GDP Growth To 1.85% - Tuesday, Feb. 28
In their second estimate of the US GDP for the fourth quarter of 2016, BEA reported that the US economic growth rate was +1.85%, essentially unchanged from the +1.87% previously reported but down by nearly half (-1.68%) from the prior quarter.
Inventories And Low Deflator Boost Low GDP Estimate
In their first (preliminary) estimate of the US GDP for the fourth quarter of 2016, the Bureau of Economic Analysis reported that the US economic growth rate was +1.87%, down by nearly half (-1.66%) from the prior quarter.
BEA Revises 3rd Quarter 2016 GDP Upward To 3.53%
In their third and final estimate of the US GDP for the third quarter of 2016, the Bureau of Economic Analysis reported that the growth rate was +3.53%, up +0.38% from their previous estimate and up +2.11% from the prior quarter.
BEA Estimates 3rd Quarter 2016 GDP Growth To Be 3.15%
The Bureau of Economic Analysis (BEA) reported that the growth rate was +3.15%, up +0.24% from their previous estimate and up +1.73% from the prior quarter.
Inventories, Exports And Government Spending Boost GDP
Real annualized household disposable income was reported to have grown by $127 in this report, to an annualized $39,103 (in 2009 dollars). The household savings rate remained unchanged at 5.7%.
BEA Estimates 3rd Quarter 2016 GDP Growth To Be 2.91% - October 28, 2016
In their first ("preliminary") estimate of the US GDP for the third quarter of 2016, the Bureau of Economic Analysis reported that the growth rate was +2.91%, up +1.49% from the prior quarter.
BEA Revises 2nd Quarter 2016 GDP Growth Upward To 1.42% - September 29, 2016
In their third and final estimate of the US GDP for the second quarter of 2016, the Bureau of Economic Analysis reported that the growth rate was +1.42%, up +0.33% from their previous estimate and up +0.59% from the prior quarter.
BEA Revises 2nd Quarter 2016 GDP Growth Downward To 1.09% - August 26, 2016
In their second estimate of the US GDP for the second quarter of 2016, the Bureau of Economic Analysis reported that the growth rate was +1.09%, down -0.12% from their previous estimate but up +0.26% from the prior quarter.
Consumers Overcome Contracting Investment And Inventory For 1.2% GDP Growth In Q2 2016
Real annualized household disposable income was reported to have grown by $181 during the quarter, to an annualized $38,894 (in 2009 dollars). The household savings rate dropped to 5.5%.
BEA Estimates 2nd Quarter 2016 GDP Growth At 1.21% - July 29, 2016
In their first preliminary estimate of the US GDP for the second quarter of 2016, the Bureau of Economic Analysis reported that the growth rate was +1.21%, up 0.38% from a downwardly revised prior quarter.
BEA Revises 1st Quarter 2016 GDP Growth Upward To +1.08% - June 28, 2016
Although the BEA's report did break the 1% growth threshold, it still does not record a robustly growing economy. The minor upward revisions posted in this report were arguably not statistically significant.
BEA Revises 1st Quarter 2016 GDP Growth Upward To +0.82%
In their second estimate of the US GDP for Q1 2016, the Bureau of Economic Analysis (BEA) revised the growth rate upward to +0.82%, up 0.28% from their previous estimate but still down -0.56% from from the +1.38% rate recorded for Q4 2015.
The American Consumer Is Doing Less To Support GDP Growth
The growth rate for consumer spending took another significant hit, dropping substantially for the third consecutive quarter. In fact, the growth rate for consumer spending on goods was barely positive, at a miserable +0.03%.
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