Another thing about the report: Federal spending was the biggest drag on total GDP (-8.4%), and contrary to what you may have heard, private GDP (PCE+investment+exports) is outpacing federal GDP -- see the trend lines below in the chart.
Saturday, April 27, 2013
A couple of notes you might not have read about, on the Q1-2013 GDP report.
Yesterday, the government released the latest GDP figures, and as I'd previously said in February, the Q4-2012 number that was initially reported as a negative number would be adjusted upwards in subsequent revisions. Thus what was initially reported in Q4-2012 real GDP as -0.1%, was revised upward to +0.1%, and now +0.4%.
Another thing about the report: Federal spending was the biggest drag on total GDP (-8.4%), and contrary to what you may have heard, private GDP (PCE+investment+exports) is outpacing federal GDP -- see the trend lines below in the chart.
Another thing about the report: Federal spending was the biggest drag on total GDP (-8.4%), and contrary to what you may have heard, private GDP (PCE+investment+exports) is outpacing federal GDP -- see the trend lines below in the chart.
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