Sign up today for an exclusive discount along with our 30-day GUARANTEE — Love us or leave, with your money back! Click here to become a part of our growing community and learn how to stop gambling with your investments. We will teach you to BE THE HOUSE — Not the Gambler!

Click here to see some testimonials from our members!

Third Quarter GDP: What We Know So Far

Courtesy of Mish.

One month of data for the third quarter is in. The reports are mixed but the number of negative headlines exceeds the number of positive ones.

Let’s start with more numbers from today before finishing off with what we know so far.

The Census Bureau Report on Advance Economic Indicators shows wholesale inventories rose 0.4% in July.

Retail inventories fell by 0.2% from an unrevised June estimate. The Census Bureau revised wholesale inventories slightly lower from 0.7% to 0.6%.

Wholesale inventories gave a late upward boost to second quarter GDP.

Average this out and you have a 0.1% rise in both wholesale and retail inventories or 0.2% in one and nothing in the other.

This is a slight positive to third quarter GDP, subject to revisions, and further subject to Hurricane Harvey disruptions.

Slow Start to Third Quarter


Continue reading here…


Do you know someone who would benefit from this information? We can send your friend a strictly confidential, one-time email telling them about this information. Your privacy and your friend's privacy is your business... no spam! Click here and tell a friend!





You must be logged in to make a comment.
You can sign up for a membership or get a FREE Daily News membership or log in

Sign up today for an exclusive discount along with our 30-day GUARANTEE — Love us or leave, with your money back! Click here to become a part of our growing community and learn how to stop gambling with your investments. We will teach you to BE THE HOUSE — Not the Gambler!

Click here to see some testimonials from our members!