Dollars and Jens
Thursday, October 29, 2009
|III 06||IV 06||I 07||II 07||III 07||IV 07||I 08||II 08||III 08||IV 08||I 09||II 09||III 09|
|Gross domestic product||.1||3.0||1.2||3.2||3.6||2.1||-.7||1.5||-2.7||-5.4||-6.4||-.7||3.5|
|Change in private inventories||-.13||-1.08||-.61||.32||.19||-.63||-.21||-1.25||.26||-.64||-2.36||-1.42||.94|
|Net exports of goods and services||-.71||1.94||-.29||.66||1.36||2.24||.36||2.35||-.10||.45||2.64||1.65||-.53|
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.