Press Releases of e-forecasting

US Economy Stalls to Start 2nd Quarter, April GDP FLAT:

EDITOR'S NOTE

Our first monthly estimate for the second quarter shows a stalled US economy. There is widespread weakness from the goods sector to the construction and services sector. For a full report, consider signing on with our US Monthly GDP Subscription or our US Macro Monthly US Forecast, both available directly through our e-store.

To repeat, here's a note on July's upcoming data revisions to US GDP calculations as described in the Financial Times. We will immediately adapt to the revised (new) GDP measures of the national economy. Although the size of the economy measured by the new GDP may be larger as they add more measurable activities, we do not expect its growth pattern to change substantially. With respect to regional and state accounts, usually it takes some time after the national revision to have these affected. For some time, the sum of all states will not equal the national account. We have seen these transition periods in the past and we will smoothly and meaningfully adopt to the new reality. We will not maintain two concepts of GDP as decisions and policy designs at all levels - government and private - will be made with the new measures.

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