Federal Reserve Economic Data

GDPNow is a nowcasting model for gross domestic product (GDP) growth that synthesizes the bridge equation approach relating GDP subcomponents to monthly source data with factor model and Bayesian vector autoregression approaches. The GDPNow model forecasts GDP growth by aggregating 13 subcomponents that make up GDP with the chain-weighting methodology used by the US Bureau of Economic Analysis. The Federal Reserve Bank of Atlanta's GDPNow release complements the quarterly GDP release from the Bureau of Economic Analysis (BEA). The Atlanta Fed recalculates and updates their GDPNow forecasts (called "nowcasts") throughout the quarter as new data are released, up until the BEA releases its "advance estimate" of GDP for that quarter. The St. Louis Fed constructs a quarterly time series for this dataset, in which both historical and current observations values are combined. In general, the most-current observation is revised multiple times throughout the quarter. The final forecasted value (before the BEA's release of the advance estimate of GDP) is the static, historical value for that quarter. For futher information visit the Federal Reserve Bank of Atlanta (https://www.frbatlanta.org/cqer/research/gdpnow.aspx?panel=1).

The Contributions to percent change in GDPNow: Real Gross Government Investment represents the contribution in percentage points that the nowcast for Gross Government Investment provides to real GDP growth. For further information visit the source at https://www.frbatlanta.org/cqer/research/gdpnow.aspx?panel=1.

The Contributions to percent change in GDPNow: Real Imports of Goods and Services represents the contribution in percentage points that the nowcast for Imports of Goods and Services provides to real GDP growth. For further information visit the source at https://www.frbatlanta.org/cqer/research/gdpnow.aspx?panel=1.

The Contributions to percent change in GDPNow: Real Imports of Services represents the contribution in percentage points that the nowcast for Imports of Services provides to real GDP growth. For further information visit the source at https://www.frbatlanta.org/cqer/research/gdpnow.aspx?panel=1.

The Contributions to percent change in GDPNow: Real Imports of Goods represents the contribution in percentage points that the nowcast for Imports of Goods provides to real GDP growth. For further information visit the source at https://www.frbatlanta.org/cqer/research/gdpnow.aspx?panel=1.

The Contributions to percent change in GDPNow: Real Personal Consumption Expenditures represents the contribution in percentage points that the nowcast for Personal Consumption Expenditures provides to real GDP growth. For further information visit the source at https://www.frbatlanta.org/cqer/research/gdpnow.aspx?panel=1.

The Contributions to percent change in GDPNow: Real Personal Consumption Expenditures: Goods represents the contribution in percentage points that the nowcast for Personal Consumption Expenditures: Goods provides to real GDP growth. For further information visit the source at https://www.frbatlanta.org/cqer/research/gdpnow.aspx?panel=1.

The Contributions to percent change in GDPNow: Real Personal Consumption Expenditures: Services represents the contribution in percentage points that the nowcast for Personal Consumption Expenditures: Services provides to real GDP growth. For further information visit the source at https://www.frbatlanta.org/cqer/research/gdpnow.aspx?panel=1.

The Contributions to percent change in GDPNow: Real Gross Private Domestic Investment: Fixed Investment: Residential represents the contribution in percentage points that the nowcast for Gross Private Domestic Investment: Fixed Investment: Residential provides to real GDP growth. For further information visit the source at https://www.frbatlanta.org/cqer/research/gdpnow.aspx?panel=1.

The Contributions to percent change in GDPNow: Real Gross Government Investment: State and Local Government represents the contribution in percentage points that the nowcast for Gross Government Investment: State and Local Government provides to real GDP growth. For further information visit the source at https://www.frbatlanta.org/cqer/research/gdpnow.aspx?panel=1.

The Contributions to percent change in GDPNow: Real Gross Private Domestic Investment: Fixed Investment: Business: Structures represents the contribution in percentage points that the nowcast for Gross Private Domestic Investment: Fixed Investment: Business: Structures provides to real GDP growth. For further information visit the source at https://www.frbatlanta.org/cqer/research/gdpnow.aspx?panel=1.

The Brave-Butters-Kelley Indexes (BBKI) are the byproduct of research originally conducted by the Federal Reserve Bank of Chicago. Currently, the BBKI are maintained and produced by the Indiana Business Research Center at the Kelley School of Business at Indiana University. The BBK Coincident and Leading Indexes and Monthly GDP Growth for the U.S. are constructed from a collapsed dynamic factor analysis of a panel of 490 monthly measures of real economic activity and quarterly real GDP growth. The BBK Monthly GDP Growth is indexed to the quarterly estimates of real GDP growth from the U.S. Bureau of Economic Analysis and consists of three components: cycle, trend, and irregular components. For more details, see also: Brave, Scott A., Ross Cole, and David Kelley, 2019, A 'big data' view of the U.S. economy: Introducing the Brave-Butters-Kelley Indexes (https://www.chicagofed.org/publications/chicago-fed-letter/2019/422), Chicago Fed Letter, Federal Reserve Bank of Chicago, No. 422. Crossref, https://doi.org/10.21033/cfl-2019-422 Brave, Scott A., R. Andrew Butters, and David Kelley, 2019, A new 'big data' index of U.S. economic activity (https://www.chicagofed.org/publications/economic-perspectives/2019/1), Economic Perspectives, Federal Reserve Bank of Chicago, Vol. 43, No. 1. Crossref, https://doi.org/10.21033/ep-2019-1

The Brave-Butters-Kelley Indexes (BBKI) are the byproduct of research originally conducted by the Federal Reserve Bank of Chicago. Currently, the BBKI are maintained and produced by the Indiana Business Research Center at the Kelley School of Business at Indiana University. The BBK Coincident and Leading Indexes and Monthly GDP Growth for the U.S. are constructed from a collapsed dynamic factor analysis of a panel of 490 monthly measures of real economic activity and quarterly real GDP growth. The irregular component of GDP is expressed in annualized real GDP growth equivalent units. For more details, see also: Brave, Scott A., Ross Cole, and David Kelley, 2019, A 'big data' view of the U.S. economy: Introducing the Brave-Butters-Kelley Indexes (https://www.chicagofed.org/publications/chicago-fed-letter/2019/422), Chicago Fed Letter, Federal Reserve Bank of Chicago, No. 422. Crossref, https://doi.org/10.21033/cfl-2019-422 Brave, Scott A., R. Andrew Butters, and David Kelley, 2019, A new 'big data' index of U.S. economic activity (https://www.chicagofed.org/publications/economic-perspectives/2019/1), Economic Perspectives, Federal Reserve Bank of Chicago, Vol. 43, No. 1. Crossref, https://doi.org/10.21033/ep-2019-1

BEA Account Code: Y073RZ For more information about this series, please see http://www.bea.gov/national/.

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BEA Account Code: Y050RN A Guide to the National Income and Product Accounts of the United States (NIPA) - (http://www.bea.gov/national/pdf/nipaguid.pdf)

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BEA Account Code: W087RN A Guide to the National Income and Product Accounts of the United States (NIPA) - (http://www.bea.gov/national/pdf/nipaguid.pdf)

BEA Account Code: W087RA For more information about this series, please see http://www.bea.gov/national/.

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BEA Account Code: B875RN A Guide to the National Income and Product Accounts of the United States (NIPA) - (http://www.bea.gov/national/pdf/nipaguid.pdf)

BEA Account Code: B852RL For more information about this series, please see http://www.bea.gov/national/.

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View economic output, reported as the nominal value of all new goods and services produced by labor and property located in the U.S.

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