Nevada Business Conditions

(August 2019) The "third" estimate of U.S. real gross domestic product (GDP) for the first quarter of 2019 remained unchanged, up by 3.1 percent at an annualized rate, from the "second" estimate. Although the rate of growth remained the same, revisions exist for some components. That is, business investment, net exports, state and local government spending, and residential fixed investment were revised upward, while smaller-than-expected consumer spending offset those gains. The overall real GDP growth depended largely on temporary factors such as higher private business inventories and reduced imports. Consumer spending, which captures about two thirds of the real GDP, however, showed a weaker gain. U.S. nonfarm employment rebounded sharply after a disappointing gain in May, adding 224,000 jobs in June.

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2019 Archive

2018 Archive