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  1. Data from: Residual Seasonality in GDP Growth Remains after Latest BEA...

    • clevelandfed.org
    Updated Jun 1, 2019
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    Federal Reserve Bank of Cleveland (2019). Residual Seasonality in GDP Growth Remains after Latest BEA Improvements [Dataset]. https://www.clevelandfed.org/publications/economic-commentary/2019/ec-201905-residual-seasonality-in-gdp-remains-after-bea-improvements
    Explore at:
    Dataset updated
    Jun 1, 2019
    Dataset authored and provided by
    Federal Reserve Bank of Clevelandhttps://www.clevelandfed.org/
    Description

    Measuring economic growth is complicated by seasonality, the regular fluctuation in economic activity that depends on the season of the year. The BEA uses statistical techniques to remove seasonality from its estimates of GDP, but some research has indicated that seasonality remains. As a result, the BEA began a three-phase plan in 2015 to improve its seasonal-adjustment techniques, and in July 2018, it completed phase 3. Our analysis indicates that even after these latest improvements by the BEA, residual seasonality in GDP growth remains. On average, this residual seasonality makes GDP growth appear to be slower in the first quarter of the year and more rapid in the second quarter of the year. Rapid second-quarter growth is particularly noticeable in recent years. As a result, business economists and policymakers may want to take seasonality into account when using GDP to assess the health of the economy.

  2. F

    Gross Domestic Product: All Industry Total in the Far West BEA Region

    • fred.stlouisfed.org
    json
    Updated Sep 26, 2025
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    (2025). Gross Domestic Product: All Industry Total in the Far West BEA Region [Dataset]. https://fred.stlouisfed.org/series/FWSTNGSP
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    jsonAvailable download formats
    Dataset updated
    Sep 26, 2025
    License

    https://fred.stlouisfed.org/legal/#copyright-public-domainhttps://fred.stlouisfed.org/legal/#copyright-public-domain

    Description

    Graph and download economic data for Gross Domestic Product: All Industry Total in the Far West BEA Region (FWSTNGSP) from 1997 to 2024 about Far West BEA Region, GSP, industry, GDP, and USA.

  3. F

    Gross Domestic Product: Construction (23) in the Southeast BEA Region

    • fred.stlouisfed.org
    json
    Updated Sep 26, 2025
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    (2025). Gross Domestic Product: Construction (23) in the Southeast BEA Region [Dataset]. https://fred.stlouisfed.org/series/SESTCONSTNGSP
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    jsonAvailable download formats
    Dataset updated
    Sep 26, 2025
    License

    https://fred.stlouisfed.org/legal/#copyright-public-domainhttps://fred.stlouisfed.org/legal/#copyright-public-domain

    Description

    Graph and download economic data for Gross Domestic Product: Construction (23) in the Southeast BEA Region (SESTCONSTNGSP) from 1997 to 2024 about Southeast BEA Region, GSP, private industries, construction, private, industry, GDP, and USA.

  4. F

    Civilian Labor Force in Southeast BEA Region (DISCONTINUED)

    • fred.stlouisfed.org
    json
    Updated Jan 26, 2016
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    (2016). Civilian Labor Force in Southeast BEA Region (DISCONTINUED) [Dataset]. https://fred.stlouisfed.org/series/BEASELF
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    jsonAvailable download formats
    Dataset updated
    Jan 26, 2016
    License

    https://fred.stlouisfed.org/legal/#copyright-citation-requiredhttps://fred.stlouisfed.org/legal/#copyright-citation-required

    Description

    Graph and download economic data for Civilian Labor Force in Southeast BEA Region (DISCONTINUED) (BEASELF) from Jan 1990 to Dec 2015 about Southeast BEA Region, civilian, labor force, labor, and USA.

  5. F

    Unemployment Rate in Plains BEA Region (DISCONTINUED)

    • fred.stlouisfed.org
    json
    Updated Jan 26, 2016
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    (2016). Unemployment Rate in Plains BEA Region (DISCONTINUED) [Dataset]. https://fred.stlouisfed.org/series/BEAPLUR
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    jsonAvailable download formats
    Dataset updated
    Jan 26, 2016
    License

    https://fred.stlouisfed.org/legal/#copyright-citation-requiredhttps://fred.stlouisfed.org/legal/#copyright-citation-required

    Description

    Graph and download economic data for Unemployment Rate in Plains BEA Region (DISCONTINUED) (BEAPLUR) from Jan 1990 to Dec 2015 about Plains BEA Region, unemployment, rate, and USA.

  6. F

    Real Gross Domestic Product: All Industry Total in the Far West BEA Region

    • fred.stlouisfed.org
    json
    Updated Sep 26, 2025
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    (2025). Real Gross Domestic Product: All Industry Total in the Far West BEA Region [Dataset]. https://fred.stlouisfed.org/series/FWSTRQGSP
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    jsonAvailable download formats
    Dataset updated
    Sep 26, 2025
    License

    https://fred.stlouisfed.org/legal/#copyright-public-domainhttps://fred.stlouisfed.org/legal/#copyright-public-domain

    Description

    Graph and download economic data for Real Gross Domestic Product: All Industry Total in the Far West BEA Region (FWSTRQGSP) from Q1 2005 to Q2 2025 about Far West BEA Region, GSP, real, industry, GDP, and USA.

  7. F

    Gross Domestic Product: Other Services (Except Government and Government...

    • fred.stlouisfed.org
    json
    Updated Sep 26, 2025
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    (2025). Gross Domestic Product: Other Services (Except Government and Government Enterprises) (81) in the Far West BEA Region [Dataset]. https://fred.stlouisfed.org/series/FWSTOTHSERVENGSP
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    jsonAvailable download formats
    Dataset updated
    Sep 26, 2025
    License

    https://fred.stlouisfed.org/legal/#copyright-public-domainhttps://fred.stlouisfed.org/legal/#copyright-public-domain

    Description

    Graph and download economic data for Gross Domestic Product: Other Services (Except Government and Government Enterprises) (81) in the Far West BEA Region (FWSTOTHSERVENGSP) from 1997 to 2024 about Far West BEA Region, GSP, private industries, services, private, industry, GDP, and USA.

  8. F

    Real Gross Domestic Product: Retail Trade (44-45) in the New England BEA...

    • fred.stlouisfed.org
    json
    Updated Sep 26, 2025
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    (2025). Real Gross Domestic Product: Retail Trade (44-45) in the New England BEA Region [Dataset]. https://fred.stlouisfed.org/series/NENGRETAILRQGSP
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    jsonAvailable download formats
    Dataset updated
    Sep 26, 2025
    License

    https://fred.stlouisfed.org/legal/#copyright-public-domainhttps://fred.stlouisfed.org/legal/#copyright-public-domain

    Area covered
    New England
    Description

    Graph and download economic data for Real Gross Domestic Product: Retail Trade (44-45) in the New England BEA Region (NENGRETAILRQGSP) from Q1 2005 to Q2 2025 about New England BEA Region, GSP, private industries, retail trade, sales, retail, private, real, industry, GDP, and USA.

  9. F

    Real Gross Domestic Product: Accommodation and Food Services (72) in the...

    • fred.stlouisfed.org
    json
    Updated Sep 26, 2025
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    (2025). Real Gross Domestic Product: Accommodation and Food Services (72) in the Plains BEA Region [Dataset]. https://fred.stlouisfed.org/series/PLNSACCOMDRQGSP
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    jsonAvailable download formats
    Dataset updated
    Sep 26, 2025
    License

    https://fred.stlouisfed.org/legal/#copyright-public-domainhttps://fred.stlouisfed.org/legal/#copyright-public-domain

    Description

    Graph and download economic data for Real Gross Domestic Product: Accommodation and Food Services (72) in the Plains BEA Region (PLNSACCOMDRQGSP) from Q1 2005 to Q2 2025 about Plains BEA Region, arts, entertainment, accommodation, recreation, GSP, private industries, food, services, private, real, industry, GDP, and USA.

  10. F

    Gross Domestic Product: Nondurable Goods Manufacturing (311-316, 322-326) in...

    • fred.stlouisfed.org
    json
    Updated Sep 26, 2025
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    (2025). Gross Domestic Product: Nondurable Goods Manufacturing (311-316, 322-326) in the New England BEA Region [Dataset]. https://fred.stlouisfed.org/series/NENGNDURMANNGSP
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    jsonAvailable download formats
    Dataset updated
    Sep 26, 2025
    License

    https://fred.stlouisfed.org/legal/#copyright-public-domainhttps://fred.stlouisfed.org/legal/#copyright-public-domain

    Description

    Graph and download economic data for Gross Domestic Product: Nondurable Goods Manufacturing (311-316, 322-326) in the New England BEA Region (NENGNDURMANNGSP) from 1997 to 2024 about New England BEA Region, nondurable goods, GSP, private industries, goods, private, manufacturing, industry, GDP, and USA.

  11. F

    Real Gross Domestic Product: All Industry Total in the Southeast BEA Region

    • fred.stlouisfed.org
    json
    Updated Sep 26, 2025
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    (2025). Real Gross Domestic Product: All Industry Total in the Southeast BEA Region [Dataset]. https://fred.stlouisfed.org/series/SESTRGSP
    Explore at:
    jsonAvailable download formats
    Dataset updated
    Sep 26, 2025
    License

    https://fred.stlouisfed.org/legal/#copyright-public-domainhttps://fred.stlouisfed.org/legal/#copyright-public-domain

    Description

    Graph and download economic data for Real Gross Domestic Product: All Industry Total in the Southeast BEA Region (SESTRGSP) from 1997 to 2024 about Southeast BEA Region, GSP, real, industry, GDP, and USA.

  12. F

    Unemployment Rate in Southeast BEA Region (DISCONTINUED)

    • fred.stlouisfed.org
    json
    Updated Jan 26, 2016
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    (2016). Unemployment Rate in Southeast BEA Region (DISCONTINUED) [Dataset]. https://fred.stlouisfed.org/series/BEASEURN
    Explore at:
    jsonAvailable download formats
    Dataset updated
    Jan 26, 2016
    License

    https://fred.stlouisfed.org/legal/#copyright-citation-requiredhttps://fred.stlouisfed.org/legal/#copyright-citation-required

    Description

    Graph and download economic data for Unemployment Rate in Southeast BEA Region (DISCONTINUED) (BEASEURN) from Jan 1990 to Dec 2015 about Southeast BEA Region, unemployment, rate, and USA.

  13. F

    Civilian Labor Force in Great Lakes BEA Region (DISCONTINUED)

    • fred.stlouisfed.org
    json
    Updated Jan 26, 2016
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    (2016). Civilian Labor Force in Great Lakes BEA Region (DISCONTINUED) [Dataset]. https://fred.stlouisfed.org/series/BEAGLLF
    Explore at:
    jsonAvailable download formats
    Dataset updated
    Jan 26, 2016
    License

    https://fred.stlouisfed.org/legal/#copyright-citation-requiredhttps://fred.stlouisfed.org/legal/#copyright-citation-required

    Area covered
    The Great Lakes
    Description

    Graph and download economic data for Civilian Labor Force in Great Lakes BEA Region (DISCONTINUED) (BEAGLLF) from Jan 1990 to Dec 2015 about Great Lakes BEA Region, civilian, labor force, labor, and USA.

  14. F

    Unemployment Rate in Southwest BEA Region (DISCONTINUED)

    • fred.stlouisfed.org
    json
    Updated Jan 26, 2016
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    (2016). Unemployment Rate in Southwest BEA Region (DISCONTINUED) [Dataset]. https://fred.stlouisfed.org/series/BEASWUR
    Explore at:
    jsonAvailable download formats
    Dataset updated
    Jan 26, 2016
    License

    https://fred.stlouisfed.org/legal/#copyright-citation-requiredhttps://fred.stlouisfed.org/legal/#copyright-citation-required

    Description

    Graph and download economic data for Unemployment Rate in Southwest BEA Region (DISCONTINUED) (BEASWUR) from Jan 1990 to Dec 2015 about Southwest BEA Region, unemployment, rate, and USA.

  15. F

    Gross Domestic Product: All Industry Total in the Southeast BEA Region

    • fred.stlouisfed.org
    json
    Updated Sep 26, 2025
    + more versions
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    (2025). Gross Domestic Product: All Industry Total in the Southeast BEA Region [Dataset]. https://fred.stlouisfed.org/series/SESTNQGSP
    Explore at:
    jsonAvailable download formats
    Dataset updated
    Sep 26, 2025
    License

    https://fred.stlouisfed.org/legal/#copyright-public-domainhttps://fred.stlouisfed.org/legal/#copyright-public-domain

    Description

    Graph and download economic data for Gross Domestic Product: All Industry Total in the Southeast BEA Region (SESTNQGSP) from Q1 2005 to Q2 2025 about Southeast BEA Region, GSP, industry, GDP, and USA.

  16. F

    Unemployment Rate in New England BEA Region (DISCONTINUED)

    • fred.stlouisfed.org
    json
    Updated Jan 26, 2016
    + more versions
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    (2016). Unemployment Rate in New England BEA Region (DISCONTINUED) [Dataset]. https://fred.stlouisfed.org/series/BEANEUR
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    jsonAvailable download formats
    Dataset updated
    Jan 26, 2016
    License

    https://fred.stlouisfed.org/legal/#copyright-citation-requiredhttps://fred.stlouisfed.org/legal/#copyright-citation-required

    Area covered
    New England
    Description

    Graph and download economic data for Unemployment Rate in New England BEA Region (DISCONTINUED) (BEANEUR) from Jan 1990 to Dec 2015 about New England BEA Region, unemployment, rate, and USA.

  17. F

    Unemployment Rate in Great Lakes BEA Region (DISCONTINUED)

    • fred.stlouisfed.org
    json
    Updated Jan 26, 2016
    + more versions
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    (2016). Unemployment Rate in Great Lakes BEA Region (DISCONTINUED) [Dataset]. https://fred.stlouisfed.org/series/BEAGLURN
    Explore at:
    jsonAvailable download formats
    Dataset updated
    Jan 26, 2016
    License

    https://fred.stlouisfed.org/legal/#copyright-citation-requiredhttps://fred.stlouisfed.org/legal/#copyright-citation-required

    Area covered
    The Great Lakes
    Description

    Graph and download economic data for Unemployment Rate in Great Lakes BEA Region (DISCONTINUED) (BEAGLURN) from Jan 1990 to Dec 2015 about Great Lakes BEA Region, unemployment, rate, and USA.

  18. F

    Chain-Type Quantity Index for Real GDP: All Industry Total in the Rocky...

    • fred.stlouisfed.org
    json
    Updated Sep 26, 2025
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    (2025). Chain-Type Quantity Index for Real GDP: All Industry Total in the Rocky Mountain BEA Region [Dataset]. https://fred.stlouisfed.org/series/RKMTQQGSP
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    jsonAvailable download formats
    Dataset updated
    Sep 26, 2025
    License

    https://fred.stlouisfed.org/legal/#copyright-public-domainhttps://fred.stlouisfed.org/legal/#copyright-public-domain

    Description

    Graph and download economic data for Chain-Type Quantity Index for Real GDP: All Industry Total in the Rocky Mountain BEA Region (RKMTQQGSP) from Q1 2005 to Q2 2025 about Rocky Mountain BEA Region, quantity index, GSP, industry, GDP, and USA.

  19. F

    Gross Domestic Product: Agriculture, Forestry, Fishing and Hunting (11) in...

    • fred.stlouisfed.org
    json
    Updated Sep 26, 2025
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    (2025). Gross Domestic Product: Agriculture, Forestry, Fishing and Hunting (11) in the Far West BEA Region [Dataset]. https://fred.stlouisfed.org/series/FWSTAGRNQGSP
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    jsonAvailable download formats
    Dataset updated
    Sep 26, 2025
    License

    https://fred.stlouisfed.org/legal/#copyright-public-domainhttps://fred.stlouisfed.org/legal/#copyright-public-domain

    Description

    Graph and download economic data for Gross Domestic Product: Agriculture, Forestry, Fishing and Hunting (11) in the Far West BEA Region (FWSTAGRNQGSP) from Q1 2005 to Q4 2023 about Far West BEA Region, hunting, forestry, fishing, agriculture, GSP, private industries, private, industry, GDP, and USA.

  20. F

    Chain-Type Quantity Index for Real GDP: Other Services (Except Government...

    • fred.stlouisfed.org
    json
    Updated Sep 26, 2025
    + more versions
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    (2025). Chain-Type Quantity Index for Real GDP: Other Services (Except Government and Government Enterprises) (81) in the Great Lakes BEA Region [Dataset]. https://fred.stlouisfed.org/series/GLAKOTHSERVEQGSP
    Explore at:
    jsonAvailable download formats
    Dataset updated
    Sep 26, 2025
    License

    https://fred.stlouisfed.org/legal/#copyright-public-domainhttps://fred.stlouisfed.org/legal/#copyright-public-domain

    Area covered
    The Great Lakes
    Description

    Graph and download economic data for Chain-Type Quantity Index for Real GDP: Other Services (Except Government and Government Enterprises) (81) in the Great Lakes BEA Region (GLAKOTHSERVEQGSP) from 1997 to 2024 about Great Lakes BEA Region, quantity index, GSP, private industries, services, private, industry, GDP, and USA.

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Federal Reserve Bank of Cleveland (2019). Residual Seasonality in GDP Growth Remains after Latest BEA Improvements [Dataset]. https://www.clevelandfed.org/publications/economic-commentary/2019/ec-201905-residual-seasonality-in-gdp-remains-after-bea-improvements
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Data from: Residual Seasonality in GDP Growth Remains after Latest BEA Improvements

Related Article
Explore at:
Dataset updated
Jun 1, 2019
Dataset authored and provided by
Federal Reserve Bank of Clevelandhttps://www.clevelandfed.org/
Description

Measuring economic growth is complicated by seasonality, the regular fluctuation in economic activity that depends on the season of the year. The BEA uses statistical techniques to remove seasonality from its estimates of GDP, but some research has indicated that seasonality remains. As a result, the BEA began a three-phase plan in 2015 to improve its seasonal-adjustment techniques, and in July 2018, it completed phase 3. Our analysis indicates that even after these latest improvements by the BEA, residual seasonality in GDP growth remains. On average, this residual seasonality makes GDP growth appear to be slower in the first quarter of the year and more rapid in the second quarter of the year. Rapid second-quarter growth is particularly noticeable in recent years. As a result, business economists and policymakers may want to take seasonality into account when using GDP to assess the health of the economy.

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