Economics
The U.S. Is About to Change the Way It Calculates GDP
An employee works on the inside of a tire at a tire manufacturing facility in Bryan, Ohio, on March 13, 2015.
Photographer: Ty Wright/BloombergThis article is for subscribers only.
The way some parts of U.S. gross domestic product are calculated are about to change in the wake of the debate over persistently depressed first-quarter growth.
In a blog post published Friday, the Bureau of Economic Analysis listed a series of alterations it will make in seasonally adjusting data used to calculate economic growth. The changes will be implemented with the release of the initial second-quarter GDP estimate on July 30, the BEA said.