GDP, gross domestic product, is revised twice for each quarter, so after the most recent revision on third-quarter GDP today, unchanged from the first look at 3.5%, time to revise a piece of mine to include the latest data, as reported by the U.S. Bureau of Economic Analysis.
Currently, estimates on fourth-quarter growth are for 3 percent or less.
Annualized rates of growth (or contraction). You will see a few repeat numbers, these aren’t typos.
Q3 2018…3.5 percent
Q2 2018…4.2
Q1 2018…2.2
Q4 2017…2.3
Q3 2017…2.8
Q2 2017…3.0
Q1 2017…1.8
Q4 2016…1.8
Q3 2016…1.9
Q2 2016…2.3
Q1 2016…1.5
Q4 2015…0.4
Q3 2015…1.0
Q2 2015…3.3
Q1 2015…3.3
Q4 2014…1.9
Q3 2014…4.9
Q2 2014…5.1
Q1 2014… -1.0
Q4 2013…3.2
Q3 2013…3.2
Q2 2013…0.5
Q1 2013…3.6
Q4 2012…0.5
Q3 2012…0.5
Q2 2012…1.7
Q1 2012…3.2
And…yearly annualized GDP…these numbers are different than a simple average of the four quarters.
2017…2.2
2016…1.6
2015…2.9
2014…2.5
2013…1.8
2012…2.2
2011…1.6
2010…2.6
2009… -2.5
2008… -0.1
2007…1.9
Wall Street History returns in a few weeks.
Brian Trumbore
