Data Round-Up: 16Q3 Real GDP Rebounded, Led by Exports; Consumption Disappoints

posted by Michael Lewis on October 28, 2016

Found in US, categorized in Macro

Tags: FMI michael lewis GDP

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Real GDP growth easily beat the consensus, but fell short of FMI’s elevated target.


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.

About Michael Lewis

Michael Lewis

Mike Lewis founded Free Market Inc. (FMI) in 1982 as a full-service economic consulting firm, providing insights and in-depth data analysis primarily for institutional money managers and corporate planning directors.

FMI has compiled a solid record of timely, independent and accurate economic forecasts.  FMI blends its unique analysis of indicators and experience with economic cycles into a consistent overall outlook. They offer both a comprehensive overview and in-depth detail that enable clients to integrate FMI’s insights into their decision-making process.

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