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

Consumers’ Spending Blows Past September Estimates
Consumers’ Spending Blows Past September Estimates
October 31, 2017  |  Consumer Insights

U.S. consumer spending saw its largest increase in more than eight years in September, buoyed by the replacement of flood-damaged vehicles in Texas and Florida,...

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Q3 US GDP Rises Despite Hurricanes
Q3 US GDP Rises Despite Hurricanes
October 27, 2017  |  Economy

Through ill winds — literally — the U.S. economy managed to grow significantly in the third quarter, as measured by gross domestic product (GDP). According to news...

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SMBs Account For One-Third Of Global Employment
SMBs Account For One-Third Of Global Employment
October 11, 2017  |  B2B Payments

It’s a phrase said so often that it’s almost become a cliche for nations around the world: Small businesses are the backbone of their economies. Indeed,...

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Are You Ready For Some Football (Commerce)?
Are You Ready For Some Football (Commerce)?
September 09, 2017  |  Retail

Well, we had a totally different intro written for this piece before the New England Patriots blew it on Thursday night and threw away (and...

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The Gig Economy — A Labor Day Tribute
The Gig Economy — A Labor Day Tribute
September 04, 2017  |  Gig Economy

Today is Labor Day, a holiday we’ve been celebrating to honor the hard work and productivity of the American worker since 1894. The history of the holiday is...

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Small Biz Hiring Stalls
Small Biz Hiring Stalls
August 07, 2017  |  B2B Payments

The tides are turning for small businesses in the U.S. After a spout of optimism, the latest data find a downturn in SMB hiring growth....

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Fed Holds Line on Rate Hikes, But Concerns Linger
Fed Holds Line on Rate Hikes, But Concerns Linger
August 02, 2017  |  Economy

Last Wednesday, at its most recent meeting, the Federal Reserve held back on raising interest rates.  The move, or in this case, non-move, had been...

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GDP Growth Rebounds in 2Q, Consumer Spending Up  
GDP Growth Rebounds in 2Q, Consumer Spending Up  
July 28, 2017  |  Economy

Looks like the United States economy may be picking up steam. Numbers from the Commerce Department on Friday showed that gross domestic product gathered momentum...

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India’s Grand (De) Monetization Experiment
India’s Grand (De) Monetization Experiment
July 04, 2017  |  International

Eight months in, assessing the impact of what happens when you remove 86 percent of a country’s notes in circulation. India’s push toward digital payments...

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