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Thursday, August 27, 2015

Q2 2015 US GDP 1st revision 3.7% vs 3.2% exp

  • Prior 2.3%
  • Personal consumption 3.1% vs 3.1% exp. Prior 2.9%
  • Sales 3.5% vs 2.9% exp. Prior 2.4%
  • Core PCE 1.8% vs 1.8% exp. Prior 1.8%
  • PCE prices 2.2% vs 2.2% exp. Prior 2.2%
  • GDP price deflator 2.1% vs 2.0% exp . Prior 2.0%


I'm at a loss. How does GDP grow at 3.7 when commodity prices are in the toilet ?
Does this imply stronger commodity prices in the future or does the revised GDP
formula place an even greater emphasis on the service economy ?

An economist at the Fed kept his job by producing the number desired. That's good for the economy right?

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