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Strategies & Market Trends : Mish's Global Economic Trend Analysis
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To: mishedlo who wrote (5238)4/29/2004 1:43:24 PM
From: Haim R. Branisteanu  Read Replies (1) of 116555
 
Mish, GDP was reported 4.2% but in the same report ..... but?

The price index for gross domestic purchases, which measures prices paid by U.S. residents,increased 3.2 percent in the first quarter, compared with an increase of 1.3 percent in the fourth.

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Real personal consumption expenditures increased 3.8 percent in the first quarter, compared with an increase of 3.2 percent in the fourth.

Durable goods purchases decreased 4.7 percent, in contrast to an increase of 0.7 percent.

Nondurable goods increased 6.4 percent, compared with an increase of 5.4 percent.

Services expenditures increased 4.3 percent, compared with an increase of 2.8 percent.

Real nonresidential fixed investment increased 7.2 percent in the first quarter, compared with an increase of 10.9 percent in the fourth.

Nonresidential structures decreased 6.5 percent, compared with a decrease of 1.4 percent.

Equipment and software increased 11.5 percent, compared with an increase of 14.9 percent.

Real residential fixed investment increased 2.1 percent, compared with an increase of 7.9 percent

Real federal government consumption expenditures and gross investment increased 10.1 percent in the first quarter, compared with an increase of 0.7 percent in the fourth.

We all know that housing grew way above CPI inflation numbers

so what is the REAL GDP?
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