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Date Posted: Tuesday, November 30, 08:47:41am
Author: New Premier Ted Ballieu==31/7==plan the tradeOn July 30, 2010, the BEA revised all GDP stats from 2007 on. This is in addition to the July 31, 2009, revision of all stats since 1929.
Subject: Current GDP statistics are updated each month by the Bureau of Economic Analysis (BEA).

GDP Current Statistics
Current GDP Statistics Since Q4 2006
By Kimberly Amadeo, About.com Guide
.See More About:economic indicatorseconomic growthgdp
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Nov 16 2010
Current GDP statistics are updated each month by the Bureau of Economic Analysis (BEA). It releases the GDP growth report, which describes how fast the economy grew in the last quarter. To understand the government's GDP reports as they are released, it is helpful to see how much they change with each release. Here is an archive of blog posts for each GDP release since the fourth quarter of 2006. Note: On July 30, 2010, the BEA revised all GDP stats from 2007 on. This is in addition to the July 31, 2009, revision of all stats since 1929. The revised figures are given next to each quarter's title. Each original report is retained for comparison. Sorry it's a little confusing, but it's important to see how the data is changed. These changes aren't easily available anywhere else.
Each quarterly GDP report gets three releases:

1.Advance Report: Comes out one month after the quarter ends. This can often be wildly different from the final report, simply because all of the trade and business inventory data is not in yet.
2.Second Report: Comes out two months after the end of the quarter. This is usually pretty realistic. Formerly called the Preliminary Report.
3.Third Report: Comes out three months after the end of the quarter. Usually only tweaks the Second Report. Formerly known as Final Report.
Q3 2010 GDP:
•Advance Report - The economy only grew 2%, prompting additional Fed easing.

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