Tag Archives: GDP

The Conference Board's index of consumer confidence declined to 88.7 in the group's November reading, according to a report. The drop follows a bump of more than five points in October to a post-recession high of 94.5 (revised to 94.1 in the latest measure).

According to a second estimate from the Commerce Department, GDP grew at an annualized rate of 3.9 percent in July, August, and September, down slightly from the second quarter's growth rate of 4.6 percent and up from the first quarter's 2.1 percent downturn.

Despite slower economic growth in recent months following a strong showing in mid-2014, Fannie Mae's Economic and Strategic Research Group says that it still expects 2015 to be a slightly better year overall economically in the United States.

Gross domestic product (GDP) in the United States increased at an annualized rate of 3.5 percent last quarter, according to an advance estimate from the Bureau of Economic Analysis (BEA). Economists surveyed by Econoday anticipated a growth rate of 3.0 percent. The GDP report comes a day after the Federal Reserve announced plans to close down its stimulative bond-buying program, signaling increased confidence in the economy's progression.

In its Primary Mortgage Market Survey for the week ending October 2, Freddie Mac reported a minor pullback in the 30-year fixed interest rate to an average 4.19 percent (0.4 point) from last week's 4.20 percent. The average 30-year fixed was also little changed from last year's average rate of 4.22 percent.

In its third estimate, the Bureau of Economic Analysis (BEA) reported Friday that gross domestic product (GDP) increased at an annualized rate of 4.6 percent in the second quarter. The figure marks a step up from the bureau's last estimate of 4.2 percent growth, which in turn was up from an advance guess of 4.0 percent.

Signs increasingly point to economic momentum building in the coming year, according to economists at TD Bank. In a forecast put out Thursday, the bank's economics team calls for economic growth of 3.0 percent in 2015 following average growth of 2.2 percent this year.

An upward revision in GDP growth for the second quarter bolstered optimism at Fannie Mae for the rest of the year's economic track. The mortgage giant's Economic and Strategic Research Group put out its newest outlook on Tuesday, calling for accelerated growth following the most recent news of 4.2 percent annualized GDP growth in the year's second quarter. On the other hand, the housing market is still struggling to find any real traction.

UCLA Anderson Forecast's third quarterly report of 2014, released Thursday, points to real GDP growth of about 3 percent over the next two years, following last year's full-year growth of 1.9 percent. Though housing has struggled to keep up its momentum so far this year, the market is still expected to fuel economic growth.

While the state of Alabama has been slow to recover economically since the recession officially ended five years ago, the housing market's recovery in the state has struggled along with the rest of the nation so far this year, according to a commentary from Wells Fargo's Economics Group.