Dollars and Jens
Friday, May 29, 2009
IV 06I 07II 07III 07IV 07I 08II 08III 08IV 08I 09
Gross domestic product1.
Nondurable goods.
Durable goods.
Change in private inventories-1.41-
Fixed investment-1.27-.57.47-.15-.97-.86-.25-.79-3.36-5.93
Net exports of goods and services1.33-1.201.662.03.94.772.931.05-.152.18
Government spending.

Consumer spending was revised downward, leading to less of an improvement in the headline number than was expected, due to a previously anticipated upward revision to inventory "investment". The GDI reportedly showed better profits but weaker pre-tax wages than the initial report. Consumption looks all set to be weak for a while.


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