oldreliable67
DP Veteran
- Joined
- Oct 3, 2005
- Messages
- 4,641
- Reaction score
- 1,102
- Gender
- Male
- Political Leaning
- Undisclosed
GDP Q3 Advance Estimate: +2.0% vs +1.7%
Real final sales were anemic, at +0.6% versus +0.9% in Q2. Inventories contributed the majority of the GDP increase, adding 1.44 percentage points. The rather slow pace of final sales suggest that a significant portion of the inventory accumulation was involuntary; just how much remains to be seen.
Personal Consumption Expenditures accelerated to +2.6% versus +2.2%.
First take: a weak report; the only bright spot being the acceleration in PCE. But, this is only the advance estimate - revisions to come. As of this moment, data expectations would suggest approximately offsetting revisions, leaving the final estimate almost unchanged from the advance.
Provides added impetus for QE2; might boost calls for coordinated fiscal stimulus in form of tax incentives for hiring.
Real final sales were anemic, at +0.6% versus +0.9% in Q2. Inventories contributed the majority of the GDP increase, adding 1.44 percentage points. The rather slow pace of final sales suggest that a significant portion of the inventory accumulation was involuntary; just how much remains to be seen.
Personal Consumption Expenditures accelerated to +2.6% versus +2.2%.
First take: a weak report; the only bright spot being the acceleration in PCE. But, this is only the advance estimate - revisions to come. As of this moment, data expectations would suggest approximately offsetting revisions, leaving the final estimate almost unchanged from the advance.
Provides added impetus for QE2; might boost calls for coordinated fiscal stimulus in form of tax incentives for hiring.
Last edited: