TFOA Monthly Economic Update — October 2024
October 2024 Economic Highlights
Key figures from this month’s report, sourced from the U.S. Bureau of Economic Analysis and the U.S. Bureau of Labor Statistics:
- US Gross Domestic Product stood at roughly $28.6 trillion (seasonally adjusted annual rate) in Q2 2024. Real GDP grew at an annualised rate of about 3% in Q2 2024.
- Consumer Price Index (Chained CPI, C-CPI-U, U.S. city average, all items; December 1999 = 100) was 175.2 in August 2024.
- Producer Price Index (total manufacturing industries; December 1984 = 100) was 249.4 in August 2024.
- Import Price Index (all commodities) was 141.4 in August 2024.
- Export Price Index (all commodities) was 148.2 in August 2024.
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The full report contains the complete series, together with employment, interest rate and selected state-level data.
More Economic Updates: Read the September 2024 update, or browse the full archive of monthly Economic Updates.














