Monthly Market Reviews

Vantage Consulting Group regularly issues a Monthly Market Review. You may browse most recent Reviews below.

  • VCG Monthly Review Aug 2015
    Summary:

    US economic reports in August were generally strong. Second quarter real GDP growth was revised from a 2.3% to a 3.7% annualized rate (a.r.). The revision in real GDP primarily reflected upward adjustments to Personal Consumption Expenditures (PCE), nonresidential fixed investment, state and...

  • Market Review, December 2012
    Summary:

    U.S. third quarter real GDP grew at an annual rate of 3.1% according to the BEA’s third and final revision. The revision was a surprise, up from earlier estimates of 2.7% and 2%. The main drivers of third quarter growth were accelerating inventory buildup and government spending, which are...

  • VCG Monthly Review Sept 2015
    Summary:

    US real GDP expanded at an annual rate of 3.9% in the second quarter according to the third estimate released by the Bureau of Economic Analysis. This is a 0.2% increase over the prior estimate of 3.7%, driven primarily by an upward revision in Personal Consumption Expenditures (from 3.1% to 3.6...

  • Market Review, January 2013
    Summary:

    The U.S. economy contracted for the first time since the second quarter of 2009, surprising most market commentators who had forecasted a modest increase. ...

  • VCG Monthly Review Oct 2015
    Summary:

    The US economy grew at an annualized rate (a.r.) of 1.5% during the third quarter according to the advance estimate. The increase in real GDP in the third quarter primarily reflected positive contributions from personal consumption expenditures, state and local government spending,...

  • Market Review, February 2013
    Summary:

    U.S. real GDP increased at an annual rate of +0.1% in the fourth quarter of 2012, according to the second estimate released by Bureau of Economic Analysis (BEA). The revised estimate is 0.2% higher than the revious estimate, primarily reflecting an upward revision to exports and nonresidential...

  • VCG Monthly Review Nov 2015
    Summary:

    Economic data released during November was mostly weaker than expected with the exception of October’s jobs report. US third quarter GDP growth was revised higher from 1.5% to a 2.1% annual rate. The higher growth rate was primarily due to a smaller than previously estimated inventory adjustment...

  • Market Review, March 2013
    Summary:

    US real GDP increased at an annual rate of +0.4% in the fourth quarter of 2012, according to the third estimate released by Bureau of Economic Analysis (BEA). The revised estimate is 0.3% higher than the previous estimate, primarily reflecting additional further upward revisions to exports and...

  • VCG Monthly Review Dec 2015
    Summary:

    The U.S. economy expanded at a 2.0% rate in the third quarter, slower than the prior estimate of 2.1%. The downward revision was the outcome of a larger trade deficit stemming from a strong U.S. Dollar, weak global demand and falling commodity prices. Volatile business inventories reduced more...

  • Market Review, April 2013
    Summary:

    U.S. real GDP missed expectations by the most since the third quarter of 2011 as the first quarter advance estimate came in at an annual rate of 2.5%, below the estimates of 3%. Fourth quarter growth was revised downward to 0.4%. Gains in personal consumption expenditure, inventories and housing...

  • Market Review, May 2013
    Summary:

    Economic reports were mixed in May. Consumer confidence, home sales and labor markets posted better than expected data while industrial production, auto sales, personal spending and construction spending reports lagged expectations. The U.S. economy grew 2.4% during the first quarter of 2013,...

  • Market Review, September 2010
    Summary:

    September economic data was in line with our expectations (VCG – Outlook - Second Quarter 2010) and paints a picture of soft growth. The US economy grew at a pace of 1.7% for the second quarter of 2010. This third revised growth estimate, although better than the second revision, is a weak...

  • Market Review, June 2013
    Summary:

    Economic reports released in June were somewhat better than expected, though GDP growth was a notable disappointment. On the positive side, the labor market showed modest improvement and retail sales, consumer confidence, and housing market data posted better than expected results. Industrial...

  • Market Review, October 2010
    Summary:

    The initial GDP numbers show that the US economy continues on its path towards a slow and sluggish recovery. The third quarter GDP (advance estimate) increased at an annual rate of 2%, close to the consensus estimate of 2.1% and a slight acceleration from the second quarter’s 1.7%.

  • Market Review, July 2013
    Summary:

    U.S. real GDP grew at an annual rate of 1.7% during the second quarter of 2013 according to the advance estimate. This was higher than the consensus forecast of 1%, but sluggish by historical standards. The increase in real GDP primarily reflected positive contributions from personal consumption...

  • Market Review, November 2010
    Summary:

    The U.S. real GDP grew at an annual rate of 2.5% in the third quarter according to the revised (second) estimate. This is higher than the initial estimate of 2% and slightly above the consensus of 2.4%. This falls within our expectations of a soft recovery (VCG – Outlook – Third Quarter 2010)....

  • Market Review, August 2013
    Summary:

    U.S. real GDP growth in the 2nd quarter of 2013 was revised to 2.5% from 1.7%. Positive contributions to the upward revision came almost entirely from net exports, as U.S. exports’ contribution to GDP came in at the highest level since 2010. In addition to exports, U.S. GDP continues to see...

  • Market Review, December 2010
    Summary:

    The U.S. real GDP was revised upward to an annual rate of +2.6% in the third quarter according to the third and final estimate. This is higher than the earlier estimate of +2.5% but below the +2.8% consensus estimate. The modest increase can be attributed to a slight reduction in consumer...

  • Market Review, September 2013
    Summary:

    Second quarter U.S. real GDP growth was unchanged at 2.5% according to the third and final estimate from the Bureau of Economic Analysis, below the consensus estimate of 2.7%. The increase in real GDP during the second quarter primarily reflected positive contributions from personal consumption...

  • Market Review, January 2011
    Summary:

    The U.S. economy picked up steam towards the end of 2010 as U.S. consumers increased spending and U.S. companies increased their net exports. The real gross domestic product of the U.S. grew at an annual pace of 3.2% during the fourth quarter, according to the initial estimate. U.S. consumer...

Pages