Tuesday, August 4, 2020

2Q GDP Real Final Sales Down about 7% from 1Q 2020 -- a surprisingly small first estimate

July 30, 2020

  2Q  2020  GDP
Real  Final  Sales 
-- first estimate --

Real final sales is
GDP minus volatile
inventory changes:

2Q  2020 was down
at a (-28.9%) annual 
growth rate)
(down about 7% from 1Q 2020 x 4)

1Q 2020 was (-3.7) 

4Q 2019 was +3.1% 
3Q 2019 was +2.1%
2Q 2019 was +2.9% 
1Q 2019 was +2.6%

4Q 2018 only +0.6%
3Q 2018 only +0.6%
2Q 2018 was +4.7% 
1Q 2018 was +2.4%
        
4Q 2017 was +4.1%
3Q 2017 was +2.2%
2Q 2017 was +2.1% 

1Q 2017 was +3.0% Trump starts here 

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