Dollars and Jens
Wednesday, January 30, 2013
A surprisingly weak report, though in my opinion this is about the best imaginable breakdown for a .1 percent annual rate decline. Exports were weaker than the previous quarter, but most of the drop was due to a decline in government spending and a slowdown in inventory accumulation (which, note, was still positive, but was 1/3 of its value in the previous quarter).
I 09II 09III 09IV 09I 10II 10III 10IV 10I 11II 11III 11IV 11I 12II 12III 12IV 12
Gross domestic product-5.3-.
Nondurable goods-.05-.
Durable goods.11-.141.43-.
Change in private inventories-2.29-
Fixed investment-4.73-2.49-.32-.69-.101.58-.10.87-.141.391.751.
Net exports of goods and services2.452.47-.70-.05-.83-1.81-.951.
Government spending.371.94.79.23-.69.59-.06-.94-1.49-.16-.60-.43-.60-.14.75-1.33


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