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I'm trying to practice reading economic data from FRED and BEA websites, but they seem to be providing conflicting data that I cannot understand at all. For example, looking at Real GDP percentage change quarterly...

FRED: httpsFRED://fred.stlouisfed.org/series/GDPC1#0 Real Gross Domestic Product | Quarterly | Percent Change

Real Gross Domestic Product | Quarterly | Percent Change

  • Q4 2019: 0.52%
  • Q1 2020: -1.28%

BUT on the BEA website over @ https://www.bea.gov/news/2020/gross-domestic-product-1st-quarter-2020-second-estimate-corporate-profits-1st-quarterBEA website

It it says:

  • Q4 2019: 2.1%
  • Q1 2020: -5%

How is this possible!?!?!?! There must be something super obvious I'm missing?

I'm trying to practice reading economic data from FRED and BEA websites, but they seem to be providing conflicting data that I cannot understand at all. For example, looking at Real GDP percentage change quarterly...

FRED: https://fred.stlouisfed.org/series/GDPC1#0

Real Gross Domestic Product | Quarterly | Percent Change

  • Q4 2019: 0.52%
  • Q1 2020: -1.28%

BUT on the BEA website over @ https://www.bea.gov/news/2020/gross-domestic-product-1st-quarter-2020-second-estimate-corporate-profits-1st-quarter

It says

  • Q4 2019: 2.1%
  • Q1 2020: -5%

How is this possible!?!?!?! There must be something super obvious I'm missing?

I'm trying to practice reading economic data from FRED and BEA websites, but they seem to be providing conflicting data that I cannot understand at all. For example, looking at Real GDP percentage change quarterly...

FRED: Real Gross Domestic Product | Quarterly | Percent Change

  • Q4 2019: 0.52%
  • Q1 2020: -1.28%

BUT on the BEA website it says:

  • Q4 2019: 2.1%
  • Q1 2020: -5%

How is this possible!?!?!?! There must be something super obvious I'm missing?

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GDP DescrepenciesDiscrepancies

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blee908
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GDP Descrepencies

I'm trying to practice reading economic data from FRED and BEA websites, but they seem to be providing conflicting data that I cannot understand at all. For example, looking at Real GDP percentage change quarterly...

FRED: https://fred.stlouisfed.org/series/GDPC1#0

Real Gross Domestic Product | Quarterly | Percent Change

  • Q4 2019: 0.52%
  • Q1 2020: -1.28%

BUT on the BEA website over @ https://www.bea.gov/news/2020/gross-domestic-product-1st-quarter-2020-second-estimate-corporate-profits-1st-quarter

It says

  • Q4 2019: 2.1%
  • Q1 2020: -5%

How is this possible!?!?!?! There must be something super obvious I'm missing?