PRESS RELEASE 100 High Street, #09-01, The Treasury, Singapore 179434 T (65) 6225 9911 F (65) 6332 7260 www.mti.gov.sg Singapore’s GDP Contracted by 12.6 Per Cent in the Second Quarter of 2020 14 July 2020. The revision primarily reflected a downward revision to private inventory investment that was partly offset by upward revisions to PCE and nonresidential fixed investment. An award-winning team of journalists, designers, and videographers who tell brand stories through Fast Company's distinctive lensWhat’s next for hardware, software, and servicesOur annual guide to the businesses that matter the mostLeaders who are shaping the future of business in creative waysNew workplaces, new food sources, new medicine--even an entirely new economic systemCelebrating the best ideas in businessThe Bureau of Economic Analysis today released its The data reflects the reality of the past few months, as coronavirus cases have resurged, stores have continued to shutter, and citizens have continued to stay at home and save their dollars. For fourth quarter estimates, these data are not available until the third estimate. However, Trump’s critics have noted the timing of his tweet and suspect the call could distract news cycles and the public from focusing on the state of the economy.Just in case you got distracted, here it is: The state of the economy is That's on top of the 20.5 million payrolls drop in April and a 14.7% jobless level.Yardeni estimates that it could take until October 2022 before the Coincident Economic Indicators index, which tracks current economic activity metrics, to return to its February high. According to the bureau, the decrease in GDP was driven by a 34.6% decline in consumer spending, as people purchased fewer services in healthcare, tourism, and travel, and fewer goods such as clothing and footwear. For estimates of real GDP and its major components, the span of the update will cover the most recent five years (2015-2019) and the first quarter of 2020.
Saga Communications, Inc. (Nasdaq: SGA) announced today that it will release its 2nd Quarter 2020 results at 9:00 a.m. EDT on Wednesday, August 5, 2020… Global Business and Financial News, Stock Quotes, and Market Data and Analysis. An official website of the United States governmentThe GDP estimate released today is based on source data that are incomplete or subject to further revision by the source agency (see "Source Data for the Advance Estimate" on page 2). He projects the third quarter to see a 20% rebound followed by a 5% gain in the fourth quarter.After that, though, the situation gets cloudy.
An official website of the United States governmentReal gross domestic product (GDP) decreased at an annual rate of 5.0 percent in the first quarter of 2020 (table 1), according to the "second" estimate released by the Bureau of Economic Analysis. Nonres. For more information, see the For the fourth quarter of 2019, the percent change in real GDI was revised from 2.6 percent to 3.1 percent based on new fourth-quarter data from the BLS Quarterly Census of Employment and Wages.Next release, June 25, 2020 at 8:30 A.M. EDTAdditional resources available atBEA releases three vintages of the current quarterly estimate for GDP: "Advance" estimates are released near the end of the first month following the end of the quarter and are based on source data that are incomplete or subject to further revision by the source agency; "second" and "third" estimates are released near the end of the second and third months, respectively, and are based on more detailed and more comprehensive data as they become available.The table below shows the average revisions to the quarterly percent changes in real GDP between different estimate vintages, without regard to sign.Annual and comprehensive updates are typically released in late July. The decrease in nonresidential fixed investment primarily reflected a decrease in equipment, led by transportation equipment. "This outlook allows for the possibility of a second wave of COVID-19 infections, though not as bad as the first wave and without another round of lockdowns.
inves. The "second" estimate for the second quarter, based on more complete data, will be released on August 27, 2020.The decrease in PCE reflected decreases in services (led by health care) and goods (led by clothing and footwear).
The data also showed drops in consumer investment on single-family housing and transportation equipment, and a drop in business inventory investment from retail companies such as motor vehicle dealers.The numbers weigh in just under economists’ forecasts for the second quarter GDP, which they had put at a 34.8% decrease.
Nesco Holdings, Inc. (NYSE: NSCO, "Nesco"), a leading provider of specialty rental equipment to the electric utility, telecom and rail end-markets, today announced that it will release … We don't expect that real GDP will recover back to its Q4-2019 record high until late 2022," Yardeni said in his morning note Tuesday.The blow to the economy comes as most states have begun to relax stay-at-home restrictions Friday's nonfarm payrolls report is expected to show that another 8.3 million Americans lost their jobs in May, bringing the unemployment rate to 19.5%.
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