As I have just noted, the pace of economic activity has moderated over the course of the year. According to the latest estimates by the U.S. Department of Commerce, real gross domestic product (GDP) increased at an annual rate of 2.6 percent in the second quarter of 2006 and at a rate of only 1.6 percent in the third quarter. These figures are down noticeably from the 3-1/2 percent average pace of growth of the preceding two years. We will receive updated estimates of second- and third-quarter GDP growth tomorrow. Quote from Bens speech yesterday !
Can this giveus a clue on the number today? Doesnt look like it but we are expectingbetter than normal numberfor some reason, why is that? whatis aleading indicator for GDP?
Can this giveus a clue on the number today? Doesnt look like it but we are expectingbetter than normal numberfor some reason, why is that? whatis aleading indicator for GDP?
Ghost
Swoopen in for my pips while no one is lookin !!