Report
Data Round-Up: 16Q3 Real GDP Rebounded, Led by Exports; Consumption Disappoints
posted by Michael Lewis on October 28, 2016
Report Cover
Headline
Real GDP growth easily beat the consensus, but fell short of FMI’s elevated target.
Abstract
FMI’s analysis of today’s Advance Report of 16Q3 GDP. Also this morning, the Employment Cost Index showed continued steady growth in labor costs, up +2.3% over the past year. FMI believes this very limited data series understates the case.