Seeking Alpha

More on GDP

  • Real personal consumption expenditures +1.8% vs. +2.3% in Q1.
  • Nonresidential fixed investment +4.6% vs. -4.6% in Q1.
  • Federal government spending -1.5% vs. -8.4% in Q1.
  • Price index +0.3% vs. +1.4% in Q1.
  • Real final sales (strips out inventory changes) +1.3% vs. +0.2% in Q1.
  • Q1 GDP revised down to 1.1% from 1.8% (makes one wonder why they're even looking at today's Q2 estimate).
  • Nevertheless, bond prices continue to fall, TLT -1.1%, TBT +2.4% premarket.
  • Stock index futures (SPY, DIA, QQQ) remain flat.
  • Previous: Q2 GDP +1.7% vs. 1.1% expectations.
  • Full report.
Comments (3)
  • “makes one wonder why they're even looking at today's Q2 estimate”

     

    That might be the most profound statement I’ve seen in my 1 ½ years reading SA.
    31 Jul 2013, 08:51 AM Reply Like
  • amazing they report this w/o even mentioning the huge government revision - LOL - "media" what a joke
    31 Jul 2013, 08:53 AM Reply Like
  • they report 1.7 for 2ndQ and now they are cheering as its revised down to 1.1 - "winning"
    31 Jul 2013, 09:12 AM Reply Like
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