Real gross domestic product (GDP) increased at an annual rate of 3.1% in the first quarter of 2019 (table 1), according to the "second" estimate released by the Bureau of Economic Analysis. In the fourth quarter of 2018, real GDP increased 2.2%.
The advance estimate from the Bureau of Economic Analysis is based on source data that are incomplete or subject to further revision by the source agency. The "second" estimate for the first quarter, based on more complete data, will be released on May 30, 2019.
Real gross domestic product (GDP) increased at an annual rate of 3.4% in the third quarter of 2018, according to the “third” estimate released by the Bureau of Economic Analysis. In the second quarter, real GDP increased 4.2%.
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In this episode of On the Record, brought to you by Associated Equipment Distributors, we take an initial look at the Dealer Business Outlook & Trends Report and what dealers are forecasting for 2025.