This is my belated Q3 GDP growth deconstructed charts. As a bonus, I put together a chart comparing this quarter to the average figures for GDP components dating back to 1947.
Analysis: Inventory rebound was what we hoped for, and the continuing good news on both sides of net exports is nice (and probably on its next to last legs), but the collapse in consumption is severe. Notice also the the drag of residential fixed investment was negative but improving until this quarter when it worsened again.
Comments