The IHS US GDP Tracker accurately estimated the advance report of fourth quarter U.S. GDP, IHS Inc. (NYSE: IHS), 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.
The above news is originally from ihs.com