Dollars and Jens
Thursday, October 29, 2009
III 06IV 06I 07II 07III 07IV 07I 08II 08III 08IV 08I 09II 09III 09
Gross domestic product.
Nondurable goods.40.93.48-.13.33.27-.49.35-.94-.78.29-.29.31
Durable goods.
Change in private inventories-.13-1.08-.61.32.19-.63-.21-1.25.26-.64-2.36-1.42.94
Fixed investment-.86-.91-.43.59-.04-.66-.99-.41-1.30-3.28-6.62-1.68.28
Net exports of goods and services-.711.94-.29.661.362.24.362.35-.10.452.641.65-.53
Government spending.

Exports and imports were both way up; nonresidential investment was still down (particularly "structures", i.e. commercial real estate). That fixed investment was positive was due to a pickup in housing.

Update: I've been reading that a lot of that +1.47 from durable goods is probably related to cash-for-clunkers. Housing, of course, has also been supported of late (even more than usual). Car sales plummeted when the government quit subsidizing them, and housing may ease a bit, too, though it's at the point where solidifying would make sense of its own accord.


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