gdp report

is a lagging indicator for the economy. Note: Any recovery will probably be sluggish, because household balance sheets still need repair , and any rebound in residential investment will probably be small because of the huge overhang of existing inventory.

Third Report: Comes out three months after the end of the recession. Formerly called the Preliminary Report. This is usually pretty realistic. Second Report: Comes out two months after the end of the quarter.