Economic Report:Gross Domestic Product (GDP) Annualized
Released by:U.S. Bureau of Economic Analysis
Release Date/Time:8:30 a.m. during the 4th week of the month.
Website:http://www.census.gov/construction/nrs/pdf/newressales.pdf
Description:GDP is the market value of goods and services produced by labor and from property in the United States. GDP is released quarterly by the United States Department of Commerce, Bureau of Economic Analysis. This report generally carries the most weight of any economic report. A reading below 0 indicates a contraction in the economy. Three consequtive readions (three quarters) below 0 is the technical definition of a recession. A reading above 0 indicates growth. Consistant readings above 3% are considered by most economists to be inflationary.