Economist

Richard Iley

Macroeconomics

The revised Q2 GDP data contain a number of interesting and important features that may have flown under investors' radar and, more broadly, offers a key window on the US economy. Here are our top-10 nuggets.1) The second estimate of GDP contains the first estimate of real GDI; an alternative gauge of headline activity drawn from the income side of the national accounts rather than the expenditure side. There is <a href="https://ftalphaville.ft.com/2011/09/26/683896/the-case-for-gdi-a-qa-with-jeremy-nalewaik/" target="_blank">considerable evidence that real GDI is a more reliable indicator than real GDP</a>.Real…

The revised Q2 GDP data contain a number of interesting and important features that may have flown under investors' radar and, more broadly, offers a key window on the US economy. Here are our top-10 nuggets.1) The second estimate of GDP contains the first estimate of real GDI; an alternative gauge of headline activity drawn from the income side of the national accounts rather than the expenditure side. There is considerable evidence that real GDI is a more reliable indicator than real GDP.Real…

US: GDP Nuggets