U.S. Third Quarter GDP Slows Down Slightly

On Wednesday October 30, 2019, the Commerce Department’s Bureau of Economic Analysis released third quarter preliminary GDP data. The annual rate of GDP growth came in at 1.9%, down from 2.0% in the June quarter and 3.0% in the first quarter. The 1.9% figure exceeded the consensus estimates of 1.6%…

On October 15, 2019, the IMF (International Monetary Fund) lowered its global growth rate forecasts for both of the 2019 and 2020 years. The IMF economics team now expects global GDP growth of 3.0% in 2019, down from its forecast of 3.2% last June. The outlook for 2020 is now set at 3.4%, down from.…

On October 4, 2019, the Bureau of Labor Statistics reported the Employment situation for the month of September. The increase in private, non-farm employment was 136,000 in line with most analyst expectations. The July and August figures were revised upwards by 45,000 so the three-month increase exceeded…

The September 27 Fact Set Earnings Insight model is flashing a ‘soft’ warning signal about the growth expectations for 2019 and 2020 earnings. The latest consensus figures show 2019 growth of 1.9% to 164.52 with 2020 growth forecast to exceed 10.4% at a final figure of 181.66. Both of these estimates…

  On September 26, 2019, The Bureau of Economic Analysis released its final estimate for second quarter US GDP annual growth.   The rate is 2.0%, down from 3.1% in the first quarter.   The Personal Consumption price index increased at an annual rate of 2.4% in the quarter, compared to an increase…