January Jump in US Monthly GDP & Bonus Economic Outlook Presentation:

EDITOR'S NOTE

Happy President's Day and Washington's Birthday! Although it is a federal holiday, we have our update on our estimate of January GDP. This estimate takes into account an upwards revision to production (especially manufacturing) and lower than initially estimated price increases.

Your office might be closed or a little sleepy today, a perfect time to check out a recent presentation our team gave on the US and global economic outlook. Check it out on Slideshare here. The presentation mulls over economic trends and pulls insights from a variety of our most popular reports.

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US Monthly GDP:

Our preliminary, or second, estimate of US monthly GDP increased 5.1% in January, reaching $13,543.9 billion, expressed at seasonally adjusted annual rates in chained 2005 prices.

Looking at the annual growth rate of monthly GDP's three month moving average, the economy's output increased by 4% in January. This growth rate is the monthly equivalent to the publicized GDP quarterly growth rate from the previous quarter.

The six month smoothed annual growth rate of US monthly GDP recorded a positive reading of 3.2%, an improvement from December's rate of 2.7%. This compares with a long term average growth rate of 3.3%.

On a year-over-year basis, real US monthly GDP rose by 2.4% in January from the same month last year. This is an improvement from December's rate of 1.9%

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