It Simply Doesn’t Add Up

By |2013-08-29T10:28:18-04:00August 29th, 2013|Markets|

Second quarter preliminary GDP estimates were revised upward over the advance estimate, from 1.7% to 2.5%. Based on trade data released in the past month, this is not much of a surprise, though the size of the revision is somewhat larger than expected. Of course, because the purchase of imported goods (and a few services) is negative in the GDP [...]