Paper Economy - A US Real Estate Bubble Blog: Bull Trip!: GDP Report Q1 2010 (Advance)

Friday, April 30, 2010

Bull Trip!: GDP Report Q1 2010 (Advance)

Today, the Bureau of Economic Analysis (BEA) released their first installment of the Q1 2010 GDP report showing that the economy continued to expand with real GDP increasing at an annualized rate of 3.2% from Q4 2009.

On a year-over-year basis real GDP increased 2.55% while the quarter-to-quarter non-annualized percent change was 0.8%.

Growth continued to be driven by personal consumption expenditures and a still notable increase in private non-farm inventories while residential investment took another nose dive declining at an annualized rate of 10.9% since Q4 2009.

Nonresidential structures also declined notably dropping at an annualized rate of 14% from the prior quarter.

Labels: economy, GDP

7 Comments:

FYI, when you click thru to blytic recessions aren't showing up as yellow blocks like before. Just tiny yellow circles at the bottom with an "r" in them.

Intentional? I liked the yellow-block background.

By Dagger, at 2:38 PM
And it's great this data goes back to 1947. Looks like the dip (GDP, the blue line) at 2008/2009 is the worst we've had. But we've had other pretty bad times.

But not much in the 25 years from '83 to '07.

By Dagger, at 2:44 PM
Dagger... hmmm let me check it out.

I'm not sure.

The yellow is very light.

By SoldAtTheTop, at 8:34 AM
I'm looking carefully, and you're right, the yellow is there. It's just so light I can barely see it.

Maybe my screen's color adjustment is off. But I'm pretty sure I used to see those yellow areas more clearly.

By Dagger, at 12:21 PM
Look at the charts in the blog entry "Construction Spending: March 2010". The yellow is very clear. Much easier to see.

By Dagger, at 12:32 PM
Dagger,

I edited the chart and now the recession band is not so light... it should look more yellow now.

I need to put in the proper dates for quarterly recessions though... whats there is not quite right.

By SoldAtTheTop, at 12:34 PM
Yeah, looks great now. You also sometimes put gray borders around the yellow, but I like it better without, like it is here.

Before now I hadn't noticed the purple vertical box that follows the mouse pointer around. I like it -- it emphasizes that each data point is for the quarter, and shows how the bars group together.

By Dagger, at 4:40 PM