US economy grows by 3.2% in the first quarter, topping expectations

[F-22Raptor]

Real gross domestic product(GDP) increased at an annual rate of 3.2 percent in the first quarter of 2019 (table 1), according to the "advance" estimate released by the Bureau of Economic Analysis. In the fourth quarter of 2018, real GDP increased 2.2 percent.

Current dollar GDP increased 3.8 percent, or $197.6 billion, in the first quarter to a level of $21.06 trillion. In the fourth quarter, current-dollar GDP increased 4.1 percent, or $206.9 billion (table 1 and table 3).

https://www.bea.gov/news/2019/gross-domestic-product-1st-quarter-2019-advance-estimate

 

[Titanium100]

This is thanks to banning Iranian and Venezual oil and increasing the petro-dollar. When the oil prices increase the dollar rises

 

[52051]

US invented a new way to calculate GDP growth rate:

While China report their Quarterly GDP growth rate, they report the rate in YOY manner, which is Q1 GDP number comparing Q1 GDP number last year.

Whilst the number you saw in the US, they report it in Quarter to last Quarter number and multiple/adjust to 4 Quarter,

Which is: Comparing Q1 2019 to Q4 2018 and adjusted to a yearly number.

By this way they can easily change their growth rate number by simply modify their Quarter number or simply change their adjustment method.

Actually in a YOY manner, the US GDP growth rate is only 2% at most, whilst their manufacturing only growth at 0.0% in March and being negative in Q1 in a YOY manner.

The US economy is a joke, as their measure of GDP, when I have enough time, I will write a post about how US and China meaure their GDP, and what composition of the GDP between the two different countries.

To put it this way:

China tries to hide their real economy strength, whilst the US try their best to pop up their economy hype.

 

[oprih]

Fake gdp stats. Good to know that murica imports indian economists to fake their data.

 

[firas607]

This is thanks to banning Iranian and Venezual oil and increasing the petro-dollar. When the oil prices increase the dollar rises

the relationship between dollar and oil is inverse

 

[TaiShang]

Volatile trade, inventories boost U.S. growth to 3.2% in Q1

CGTN - 26-Apr-2019

U.S. economic growth accelerated in the first quarter, but the burst in growth was driven by trade and the largest accumulation of unsold goods since 2015, temporary factors that are likely to reverse in the coming quarters.

Gross domestic product increased at a 3.2-percent annualized rate in the first quarter, the Commerce Department said in its advance GDP report released on Friday. Growth was also boosted by an increase in government investment, which offset sharp slowdowns in consumer and business spending.
...

https://news.cgtn.com/news/3d3d774e306b6a4d34457a6333566d54/index.html

Actually in a YOY manner, the US GDP growth rate is only 2% at most, whilst their manufacturing only growth at 0.0% in March and being negative in Q1 in a YOY manner.

Amazing. They manage to grow without growing.

To put it this way:

China tries to hide their real economy strength, whilst the US try their best to pop up their economy hype.

Learned from a certain superpower.

 

[beijingwalker]

US economy is closely tied with China's, when China goes up, it'll give US a leg up, if China's economy goes down, it takes US' down with it.

 

[maithil]

Thats a net addition of almost 600 billion in economy! Good going US.