PYMNTS-MonitorEdge-May-2024

GDP

Gross domestic product (GDP) is a measurement of the market value of all the final goods and services produced in a specific time period in time. GDP provides a detailed economic look at a country, used to estimate the growth of economy.

Source: bea.gov

Trending: Consumer Spending Drives Q3 GDP Despite Disposable Income Pressure
Trending: Consumer Spending Drives Q3 GDP Despite Disposable Income Pressure
October 30, 2024  |  Consumer Finance

It’s a truism that as the U.S. consumer goes, so goes the economy. And consumers are still opening their wallets and purses, tapping to pay,...

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Retailers Face an Uncertain Holiday Season as Consumer Spending Slows
Retailers Face an Uncertain Holiday Season as Consumer Spending Slows
September 27, 2024  |  Economy

Consumers pulled back a bit on their spending increases in August, notching the slowest growth since the beginning of the year. The latest data from...

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Stronger Q2 Data and Falling Jobless Claims May Offset Consumer Confidence Decline
Stronger Q2 Data and Falling Jobless Claims May Offset Consumer Confidence Decline
September 26, 2024  |  Economy

The latest revision to second-quarter GDP data is the third and final one. According to the newest data from the Bureau of Economic Analysis, real...

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Consumer Spending and Private Inventory Investment Lift GDP 3%
Consumer Spending and Private Inventory Investment Lift GDP 3%
August 29, 2024  |  Economy

Consumer spending and private inventory investment are driving an increase in real gross domestic product (GDP), the Bureau of Economic Analysis (BEA) said Thursday (Aug....

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GDP Report Mixes Economic Growth With Slower Pace of Consumer Spending
GDP Report Mixes Economic Growth With Slower Pace of Consumer Spending
July 25, 2024  |  Economy

The newest reading on gross domestic product (GDP) — for the second quarter, only a few weeks in the books — shows a quickening pace...

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Revised GDP Data Show Consumer Spending May Be Losing Momentum
Revised GDP Data Show Consumer Spending May Be Losing Momentum
May 30, 2024  |  Economy

Economic data frequently comes in stages: There’s the initial estimate, and then a revision. And in the newest reading of how U.S. gross domestic product...

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First-Quarter GDP Slows as Consumers Trim Spending
First-Quarter GDP Slows as Consumers Trim Spending
April 25, 2024  |  Economy

And now it seems the slowdown is here. Markets slumped by more than 1% Thursday morning (April 25) on the latest reading on gross domestic...

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Wholesale Inventories Dropped 0.3% in January, More Than Expected
Wholesale Inventories Dropped 0.3% in January, More Than Expected
March 06, 2024  |  Economy

The U.S. Census Bureau revised its wholesale inventories estimate for January downward Wednesday (March 6). Total inventories dipped 0.3% in January compared with December 2023, rather than...

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As GDP Growth Decelerates, All Eyes Are on Consumer Spending
As GDP Growth Decelerates, All Eyes Are on Consumer Spending
February 28, 2024  |  Economy

The latest readings of gross domestic product (GDP) have been revised down — at least a bit. And though the fourth-quarter GDP still logged some...

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