Based on analysis by e-forecasting.com, US monthly GDP estimates, it appears that the third quarter shows a strong slowdown in growth down to just 1 percent, after an increase of 1.7 percent in the second quarter.
US growth continues to slow and e-forecasting.com will issue its monthly global leading indicators report later this week. Movement in these leading indicators occurs about five to six months before economic activity. We'll be releasing our monthly global leading indicators report later this week.
US Monthly GDP
According to e-forecasting's Flash Estimate of U.S. Monthly GDP, the nation's output of goods and services, rose in September. Following an increase of 2.4 percent in August, the real-time monthly GDP, expressed at seasonally adjusted annual rates in chained 2005 prices, increased 0.8 percent in September to $13,243.0 billion.
The economy's output in September increased by 1 percent looking at the annual rate of the three month moving average, which is the monthly equivalent to the quarterly GDP growth rate from the previous quarter.
The six-month smoothed annual growth rate of the U.S monthly real GDP, which historically has signaled the recession phases of the business cycle, recorded a positive reading of 1.8 percent in September, after posting a positive growth rate of 2.1 percent in August.
On a year-over-year basis, real monthly GDP rose by 2.6 percent in September 2010 from the same month of last year. This follows an increase of 2.9 percent in August.
US Monthly GDP
Source: e-forecasting.com http://www.e-forecasting.com/