The second revision to the Q3 GDP saw an increase in the GDP growth rate to 3.2% QoQ. Butonly 1.6% YoY. The reason? Durable goods and exports of goods. But on a YoY basis, GDP growth only rose 1.6%.
The post Q3 US GDP “Surges” To 1.6% On Durable Goods/Exports Revision was originally published at The Wall Street Examiner. Follow the money!