The advanced estimate of U.S. real gross domestic product (GDP) for 2023Q4 increased at an annual rate of 3.3 percent. While real GDP experienced robust growth driven by strong consumer spending and increased business investment activity, the deceleration observed in the fourth quarter from the 4.9 percent third quarter was mainly due to slowdowns in federal government spending … [Read more...] about Business Indicators
UNLV Center for Business and Economic Research
Business IndicatorsFebruary 2024
The third estimate of U.S. real gross domestic product (GDP) for 2023Q3 increased at an annual rate of 4.9 percent, marking a 0.3 percentage point decrease from the second estimate. Although the update primarily reflected a downward revision in consumer spending, the robust growth in real GDP was still mainly driven by strong consumer spending and heightened activity in … [Read more...] about Business Indicators
Business IndicatorsJanuary 2024
The second estimate of U.S. real gross domestic product (GDP) for 2023Q3 expanded at an annual rate of 5.2 percent, revised up by 0.3 percentage points compared to the advance estimate. The remarkable increase in real GDP mainly reflected strong consumer spending, as well as increased activity in business investment especially in inventory investment driven by expanding … [Read more...] about Business Indicators
Business IndicatorsDecember 2023
The first estimate of U.S. real gross domestic product (GDP) for 2023Q3 had an annualized growth rate of 4.9 percent, a significant increase above recent quarters. Consumer spending soared, particularly in services such as housing, utilities, healthcare, financial services, insurance and food, as well as in goods, notably non-durable items like prescription drugs and … [Read more...] about Business Indicators
Business IndicatorsNovember 2023
The third estimate of U.S. real gross domestic product (GDP) for 2023Q2 remained unchanged from the second estimate reported last month, with an annualized expansion of 2.1 percent. The third estimate update was shaped by a decrease in consumer spending and imports, alongside upward revisions in nonresidential fixed investment, exports, and inventory investment, mitigating the … [Read more...] about Business Indicators
Industry FocusEconomic Development
Relatively speaking, Nevada’s economy is in its infancy. And despite success in gaming, tourism and entertainment, the Silver State’s economic development faces numerous challenges. Recently, economic specialists met at a roundtable sponsored by City National Bank and held in Las Vegas to discuss the current and future economy of Nevada including its lack of funding, a missing … [Read more...] about Industry Focus
Business IndicatorsSeptember 2023
The advance estimate of U.S. real gross domestic product (GDP) for 2023 Q2 expanded by an annualized 2.4 percent, exceeding expectations that the economy would slow down due to higher-interest rates. The real GDP growth largely reflected a strong rebound in business investment as well as increases in consumer spending. Seasonally adjusted U.S. nonfarm employment added … [Read more...] about Business Indicators
Business IndicatorsAugust 2023
The third estimate of U.S. real gross domestic product (GDP) for 2023Q1 grew by an annualized 2.0 percent, revised up by 0.7 percent from the second estimate reported last month. The real GDP’s upward revision mainly reflected stronger-consumer spending in services and exports, partly offset by downward revisions in business investment and federal government … [Read more...] about Business Indicators
Business IndicatorsJune 2023
The advance estimate of U.S. real gross domestic product (GDP) for 2023Q1 increased by an annualized 1.1 percent, slowing from 2.6 percent in 2022Q4 amid rising interest rates. The weaker real GDP increase mainly reflected reduced business inventories, which were offset by robust consumer spending. Consumer spending lost momentum for the last few months, which may signal a … [Read more...] about Business Indicators
Business IndicatorsMay 2023
The third estimate of U.S. real gross domestic product (GDP) for 2022 Q4 expanded by 2.6 percent annualized rate, falling by 0.1 and 0.3 percent from the second and advanced estimates, respectively. Overall, the real GDP increase reflected increases in business inventories, consumer spending on services, and government spending, which were partly offset by decreases in business … [Read more...] about Business Indicators
Business IndicatorsApril 2023
The second estimate of U.S. real gross domestic product (GDP) for 2022 Q4 grew by an annualized 2.7 percent, falling by 0.2 percent from the advance estimate released at the end of January. The 2.7-percent real GDP increase reflected restocked inventories and robust consumer spending on services, which were partly offset by decreases in business investment and consumer spending … [Read more...] about Business Indicators
Business IndicatorsJanuary 2023
The second estimate of U.S. real gross domestic product (GDP) for the third quarter of 2022 grew by an annual 2.9 percent, up by 0.3 percent from the advance estimate. The upward revision largely reflected a smaller- decline in business investment, but unsustainably strong net exports mainly drove the real GDP gain. U.S. nonfarm employment continued to increase, adding 263,000 … [Read more...] about Business Indicators
Business IndicatorsDecember 2022
The third estimate of U.S. real gross domestic product (GDP) for the third quarter of 2022 rebounded, increasing 2.6 percent at an annual rate, after two consecutive quarters of declines. The robust rebound was largely due to unsustainably strong net exports. Consumer spending on services and government spending also contributed positively to the real GDP growth. Business … [Read more...] about Business Indicators
Business IndicatorsOctober 2022
The second estimate of U.S. real gross domestic product (GDP) for the second quarter of 2022 continued to shrink for the second straight quarter, down by 0.6 percent at an annual rate. This represents a 0.3 percentage point slower decline from the previous “advance” estimate, due to upward revisions to consumer spending and private inventories. Despite the revision, decreases … [Read more...] about Business Indicators
Business IndicatorsSeptember 2022
The “advance” estimate of U.S. real gross domestic product (GDP) for the second quarter of 2022 continued to shrink for the second straight quarter, down by 0.9 percent at an annual rate. The decline largely reflected a drop in private inventory investment which was led by a slowdown in retail trade. Consumer spending, which accounts for roughly 70 percent of GDP, continued to … [Read more...] about Business Indicators