GDP

June 27, 2024 . The final estimate of first quarter GDP growth was 1.4% compared to a preliminary estimate of 1.3%.  Very little change in the top-line GDP growth rate, but that includes a softer reading for consumption spending with slight upward revisions to trade...

Final Sales

June 27, 2024 When the economy is slowing down, firms will accumulate unwanted inventories.   Those inventories still show up in GDP, but they are unsold.  Hence, GDP will be biased upwards.  Similarly, in good times businesses will reduce inventory levels to satisfy...

Final Sales to Domestic Purchasers

June 27, 2024 It is important to remember that final sales is a measure of how many domestically produced goods are sold each quarter.  But we also sell goods overseas — our exports.   And we purchase goods from other countries — our imports. In the...

Gross Domestic Purchases Deflator

June 27, 2024 There are many different deflators that are available.  This one is for gross domestic purchases which measures prices paid by U.S. residents.  It is the one measure of inflation that the Commerce Department talks about when it releases the GDP report.  ...