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Re: Here
Posted by MikeC/TX of TX on 9/4/17 6:21pm Msg #70878
The increase in nonfinancial corporation profits probably made most of the difference - quarterly GDP represents a comparison of the current quarter with the previous quarter, so a big boost in one component is going to have an impact. But although it says "at an annualized rate", it doesn't mean that this is how much the GDP is actually growing annually - even though the formula is the same, that's a calculation done with a different set of numbers.

The increase you mentioned is not surprising, given that the last earnings season was mostly positive. It should be interesting to see what effect if any Harvey will have in the next quarter. GDP can be calculated for individual states, so I'm sure the effect on Texas would be huge - Houston is our largest city and home to a big part of our state's economy. I read today that the effect on the GDP for the US as a whole could be about -.2%. Doesn't seem like much, but if you're a clueless President pitching unsustainable growth of 3% or higher, it's going to make a difference.

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Messages in this Thread
 GDP Growing at 4%+ !!! - FGX/NJ on 9/3/17 7:00am
 This is a single indicator for quarterly GDP - MikeC/TX on 9/3/17 5:18pm
 Here's the BEA news release -  Yoli/CA on 9/3/17 6:56pm
 Re: Here - MikeC/TX on 9/4/17 6:21pm
 Re: This is a single indicator for quarterly GDP - FGX/NJ on 9/4/17 1:54pm
 Re: This is a single indicator for quarterly GDP - MikeC/TX on 9/4/17 4:12pm
 Re: GDP Growing at 4%+ !!! -  canotaryhere on 9/6/17 3:08am
 Re: GDP Growing at 4%+ !!! - FGX/NJ on 9/6/17 12:23pm
 Re: GDP Growing at 4%+ !!! - FGX/NJ on 9/6/17 12:28pm



 
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