GDP Bounce as Expected, Spending Jumps

Government spending is up is the bad news.


The consensus opinion got GDP right this month for the first time in three quarters.

Real GDP rose an as expected 2.6% Revisions took the first quarter down to 1.2% from 1.4%. Real GDP was revised up 0.2 percentage point for 2014, was revised up 0.3 percentage point for 2015, and was revised down 0.1 percentage point for 2016.

Inventories were negative for the quarter as sales were higher than expected. The GDP price deflator was 1.0% contributing to the rise in real spending.

View original post 227 more words

Leave a Reply

Please log in using one of these methods to post your comment: Logo

You are commenting using your account. Log Out /  Change )

Google photo

You are commenting using your Google account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s

This site uses Akismet to reduce spam. Learn how your comment data is processed.