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Q4 2015 GDP Revised Up, But A Low-Quality Beat

TedTed
in The OT Bullpen
FYI: Economists were expecting a +0.4% QoQ SAAR GDP reading for Q4 2015 on the second reading from the BEA this morning, but growth came in much higher at +1.0% QoQ SAAR. However, the most important categories (in our view), Consumption and Fixed Investment, were both revised downward slightly. Less goods consumption and a slightly slower rate of residential fixed investment weighed, with goods contributing the most.
Regards,
Ted
https://www.bespokepremium.com/think-big-blog/q4-2015-gdp-revised-up-but-a-low-quality-beat/
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