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February 1, 2016 | IHSEstimated reading time: 1 minute
The IHS US GDP Tracker accurately estimated the advance report of fourth quarter U.S. GDP, IHS Inc., the leading global source of critical information and insight, announced today.
As expected by IHS, the pace of the U.S. recovery slowed sharply in the fourth quarter of 2015. After increasing at a 2.0 percent annual rate in the third quarter of last year, real GDP rose at a very meager 0.7 percent rate in the last three months of 2015. This was exactly what the IHS US GDP Tracker had estimated.
The IHS US GDP tracking model system, powered by EViews, uses the IHS large-scale quarterly U.S. econometric forecasting model, newly released data and revisions, and economic judgment to mimic the Bureau of Economic Analysis' data generation methods of real GDP and its components, including consumer spending.
About IHS
IHS is the leading source of insight, analytics and expertise in critical areas that shape today’s business landscape. Businesses and governments in more than 140 countries around the globe rely on the comprehensive content, expert independent analysis and flexible delivery methods of IHS to make high-impact decisions and develop strategies with speed and confidence. IHS has been in business since 1959 and became a publicly traded company on the New York Stock Exchange in 2005. Headquartered in Englewood, Colorado, USA, IHS is committed to sustainable, profitable growth and employs approximately 8,600 people in 32 countries around the world.
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