Monthly Market Reviews

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

  • Market Review, April 2012
    Summary:

    Despite the mild winter, U.S. first quarter GDP came in at a 2.2% annualized growth rate, down from the 3.0% pace in the fourth quarter of last year and below the consensus of 2.5%. This has reignited debates about the sustainability of the recovery and the possibility of further Fed...

  • Market Review, December 2014
    Summary:

    After contracting 2.1% during the first quarter, the U.S. economy registered its strongest quarterly growth in 11 years during the third quarter. Third quarter real GDP growth was revised to 5.0% annual rate (a.r.) by the Bureau of Economic Analysis (BEA), citing stronger consumer and business...

  • Market Review, May 2012
    Summary:

    The second estimate for U.S. first quarter GDP growth was trimmed to 1.9%, lower than the previous estimate of 2.2% and significantly lower than the fourth quarter’s 2.96% growth rate. The increase in real GDP reflected positive contributions from personal consumer expenditure (PCE), residential...

  • Monthly Review, January 2015
    Summary:

    Fourth quarter GDP growth disappointed with a 2.6% advance estimate compared to economists’ estimates of 3.2%. Personal consumption expenditure, which accounts for about 70% of demand in the U.S. economy, rose 4.3%. Inventories surprised to the upside adding 0.82% to GDP. Exports grew by 2.8%, a...

  • Market Review, June 2012
    Summary:

    The third estimate for U.S. first quarter real GDP remained unchanged from last month’s second estimate of 1.9%. This reflected a downward revision to imports and an upward revision to non-residential fixed investment offset by downward revisions to exports, personal consumption expenditures,...

  • Monthly Review, February 2015
    Summary:

    Real GDP grew 2.2% in the fourth quarter of 2014 according to the revised estimate released by the Bureau of Economic Analysis compared to the original estimate of 2.6%. Growth was weaker than previously estimated as private inventory investment increased less than previously estimated while...

  • Market Review, July 2012
    Summary:

    Weak economic data continued to dominate the news in July. The first estimate for second quarter GDP data showed further deceleration in the U.S. economy, registering 1.5% growth. This reflected further contraction in government spending and moderate narrowing in net exports. Consumption...

  • Monthly Review, March 2015
    Summary:

    U.S. Real GDP grew at 2.2% during the fourth quarter of 2014 according to the third estimate released by the Bureau of Economic Analysis. The figure remained unchanged from the prior estimate as increases in exports and personal consumption expenditures (PCE) were offset by weaker inventory...

  • Monthly Review, April 2015
    Summary:

    First quarter real GDP in US grew 0.2%, well below the expected 1%, according to the initial estimate released by the Bureau of Economic Analysis. This increase primarily reflected positive contributions from personal consumption expenditures (PCE) and private inventory investment, which were...

  • Market Review, August 2012
    Summary:

    The economic reports were mixed in August. The U.S. second quarter real GDP was revised to 1.7%, up from its previous estimate of 1.5%, according to the Bureau of Economic Analysis. The 0.2% increase was  attributed to lower imports and contributions from consumption, exports and state/local...

  • VCG Monthly Review June 2015
    Summary:

    US first quarter real GDP declined at a 0.2% annualized rate (a.r.), according to the third estimate released by the Bureau of Economic Analysis (BEA). This is an improvement over the previous estimate of -0.7% as personal consumption and gross private domestic investment were stronger than...

  • Market Review, September 2012
    Summary:

    U.S. second quarter real GDP growth was revised down to an annual growth rate of 1.3% from the prior estimate of 1.7%, according to the third estimate from the Bureau of Economic Analysis. The consensus estimate was for GDP growth to remain at 1.7%. The slower growth reflected downward revisions...

  • VCG Monthly Review May 2015
    Summary:

    US first quarter real GDP was weaker than initially thought, contracting by 0.7% annualized rate (a.r.), according to the second estimate released by the Bureau of Economic Analysis (BEA). In the advance estimate, real GDP increased 0.2%. The downward revision was primarily driven by higher...

  • Market Review, October 2012
    Summary:

    U.S. third quarter real GDP grew at an annual growth rate of 2% according to the advance estimates, topping the lackluster 1.3% growth in second quarter and slightly better than the expected 1.8%. Consumer spending (red bar in the chart below) accounted for most of the growth in GDP, while...

  • VCG Monthly Review July 2015
    Summary:

    US second quarter real GDP came in at a 2.3% annualized rate (a.r.), according to the advance estimate released by the Bureau of Economic Analysis (BEA). This was at the lower end of the consensus range of 1.9% to 3.5%. The second quarter real GDP increase reflected positive contributions from...

  • Market Review, November 2012
    Summary:

    U.S. third quarter real GDP grew at an annual growth rate of 2.7% according to the revised estimate, with accelerating inventory buildup and growth in exports offsetting anemic consumer spending and a drop in capital investment from the private sector. Government investment was revised up to 3.7...

  • 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. ...

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