S&P’s index of monthly US GDP (MGDP) is a monthly marker of real aggregate output that is conceptually consistent with real GDP in the National Income and Product Accounts, according to S&P Global Market Intelligence.
US’ GDP in June was 0.5 per cent more than the second-quarter average at a yearly rate, as per a recent report by Ben Herzon, executive director, research advisory specialty solutions, S&P Global Market Intelligence and William Magee, economist, economics & country risk, S&P Global Market Intelligence. S&P’s latest prediction implies that a 0.6 per cent yearly US GDP growth in the third quarter is generally a flat trend in monthly US GDP over the months of July, August, and September. Moreover, US’ GDP for May 2022 was adjusted by a higher 0.1 percentage point.
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