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U.S. Monthly GDP: Real Time US Monthly GDP Reports for Business Cycle Latest Estimates

U.S. Monthly GDP: Real Time US Monthly GDP Reports for 2011 Business Cycle Latest Estimates by e-forecasting

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U.S. Monthly GDP
by e-forecasting


Latest
Estimates
for
US Monthly GDP
and the
Business Cycle


e-forecasting U.S. Monthly GDP: Real Time US Monthly GDP Reports for Business Cycle Latest Estimates

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US Monthly GDP by e-forecasting

e-forecasting.com understands the needs of businesses and organizations to have a real-time understanding of what is going on in the economy. It is with this imperative in mind that we developed our US monthly GDP series – the only measure of the nation’s output of goods and services used easily in a monthly forecasting model and helps generate forecasts of economic and business indicators.

Your business forecasting models no longer have to rely on quarterly figures, which suffer from a data availability delay of one to two quarters and hence generate large forecast errors. Our monthly GDP brings models to speed, keeping them current with the pulse of the US economy. You do not want to have to wait three or more months to determine the effects of an oil shock or natural disaster. Each month, we provide a flash (first) estimate of our GDP, which is followed by a second estimate mid-way through the month.

To develop this unique series, we follow a systematic diffusion technology that relates monthly information of many indicators to quarterly GDP. We allocate (frequency-augment) quarterly GDP data to monthly data according to the behavior of the monthly metrics. Then, using real-time monthly diffusion metrics, we estimate real-time monthly GDP consistent with the quarterly totals. Our real-time monthly estimates make GDP available 3-4 months ahead of the official figures.

Our monthly US Real GDP is statistically standardized to the quarterly GDP compiled by the Department of Commerce and it is subject to official revisions of the quarterly figures. It is expressed at seasonally adjusted, chained 2002 dollars, on an annual basis. Consequently, our monthly GDP data should be averaged to get the quarterly data.


November 2014 US Monthly GDP and the Business Cycle
 
Real Time Monthly GDP Report Up for November 2014 rose 2.2%
 (December 10, 2014, graph)

Real-time monthly GDP rose 2.2% in November 2014



eLEI Up in November 2014
Graph: December 10, 2014

Real-time monthly GDP up in November 2014




Monthly GDP November 2014
Graph: December 10, 2014

Monthly GDP Up in November to $16,176 Billion




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