Dollars and Jens

The brothers Jens talk finance, economics, and the like.

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Dollars and Jens

Thursday, August 27, 2009

GDP

The GDP report for the second quarter was revised today:

	II 06	III 06	IV 06	I 07	II 07	III 07	IV 07	I 08	II 08	III 08	IV 08	I 09	II 09
Gross domestic product	1.4	.1	3.0	1.2	3.2	3.6	2.1	-.7	1.5	-2.7	-5.4	-6.4	-1.0
Services	1.33	.92	1.40	1.61	.76	.60	.15	.85	.17	-.60	.26	-.13	.09
Nondurable goods	.24	.40	.93	.48	-.13	.33	.27	-.49	.35	-.94	-.78	.29	-.35
Durable goods	-.09	.37	.46	.45	.18	.42	.44	-.75	-.46	-.95	-1.64	.28	-.43
Change in private inventories	.22	-.13	-1.08	-.61	.32	.19	-.63	-.21	-1.25	.26	-.64	-2.36	-1.39
Fixed investment	-.32	-.86	-.91	-.43	.59	-.04	-.66	-.99	-.41	-1.30	-3.28	-6.62	-1.81
Net exports of goods and services	.02	-.71	1.94	-.29	.66	1.36	2.24	.36	2.35	-.10	.45	2.64	1.60
Government spending	.06	.11	.21	.00	.82	.75	.31	.51	.71	.95	.24	-.52	1.27

The faster write-off of inventories was, I believe, expected, but the trade and government spending numbers offset it, so the headline number is the same as was reported a month ago.

Labels: gdp

- posted by dWj @ 8:24 AM