The chart below breaks out growth by quarter on an annualized basis. So we can see that growth rates in the first quarter are typically the lowest, in the second quarter usually strongest, down a bit in the third and then a bit stronger to finish the year in the fourth quarter.
Looking back at data to 1990, the years 1990-2000 were the strongest on average in every quarter and we can see an overall decline in every time frame since then. Please note I excluded the years 2007-2008 from the data below as the recession was so dire that it makes the data more difficult to interpret. Most importantly, 2010-2014 was weaker in every quarter except the second and 2015 so far has been the worst yet!
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