Another Look at Residual Seasonality in GDP
Posted: 9 Jul 2021
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Another Look at Residual Seasonality in GDP
Another Look at Residual Seasonality in GDP
Date Written: July, 2017
Abstract
According to the Bureau of Economic Analysis, real GDP rose at an annual rate of 1.2 percent in the first quarter of this year, a step down from the 2.3 percent pace in the second half of last year. However, we argue in this note that residual seasonality is unlikely to be the primary reason for the slowdown in first-quarter growth this year.
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Paul Lengermann (Contact Author)
Board of Governors of the Federal Reserve System ( email )
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Norman J. Morin
Board of Governors of the Federal Reserve System ( email )
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Eugenio Pinto
Board of Governors of the Federal Reserve System ( email )
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