GDP Matches 2012

By |2013-11-07T12:42:23-05:00November 7th, 2013|Markets|

The BEA estimated that GDP in Q3 accelerated to 2.8% over Q2 2013, coincidentally matching the Q/Q growth rate from Q3 2012 (more on that in a moment). The largest “boosts” to GDP came from tumbling imports and growing inventories. Those two segments accounted for 1.2% in additional “growth” over Q2. While inventories rose and consumers and businesses bought less [...]