USA GDP

[shalab]

USA GDP 2018 highlights:

 

 

Current dollar GDP 20.891 trillion:

 

Current-dollar GDP increased 5.2 percent, or $1.02 trillion, in 2018 to a level of $20.50 trillion,

compared with an increase of 4.2 percent, or $778.2 billion, in 2017 (table 1 and table 3).

 

Saving rate and capital building up at a good pace:

 

Personal saving was $1.06 trillion in the fourth quarter, compared with $996.0 billion in the third

quarter. The personal saving rate -- personal saving as a percentage of disposable personal income --

was 6.7 percent in the fourth quarter, compared with 6.4 percent in the third quarter.

 

 

 

Details here:

 

https://www.bea.gov/system/files/2019-03/gdp4q18_ini_2.pdf

 

[rb]

Yea it's an intial estimate and it was a 2.9% print for 2018.

[shalab]

2019 Q1:

 

Current dollar GDP increased 3.8 percent, or $197.6 billion, in the first quarter to a level of $21.06 trillion.

 

Personal saving was $1.11 trillion in the first quarter, compared with $1.07 trillion in the fourth quarter. The personal saving rate -- personal saving as a percentage of disposable personal income -- was 7.0 percent in the first quarter, compared with 6.8 percent in the fourth quarter.

 

[Castanza]

http://scottgrannis.blogspot.com/2019/04/update-on-money-demand-currently-stable.html

 

As always, Scott put out a few high quality posts this month.

 

Regards