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Strategies & Market Trends : Mish's Global Economic Trend Analysis -- Ignore unavailable to you. Want to Upgrade?

To: mishedlo who wrote (4249)	4/13/2004 1:20:59 PM
From: Robert Douglas	Respond to of 116555

Grossly Distorted Product Apr 7th 2004 From The Economist print edition America's GDP figures, which have been strong, may be inaccurate, and may be exaggerating the extent of economic growth. In the year to the fourth quarter, industrial production rose by only 1.4%, while goods-sector GDP surged by 8.0%. Industrial-production figures are likely to be the more reliable of the two, because they come directly from industry reports. In contrast, goods-sector GDP is estimated indirectly by adding together final sales of goods, changes in inventories and net exports. If goods-sector GDP is replaced with the industrial-production series in estimating GDP, then the economy grew by only 2.2% in the year to the fourth quarter, not the reported 4.3%. Whole article for subscribers at: economist.com