by sslifer | Feb 27, 2025 | GDP, NumberNomics Notes
February 27, 2025 When the economy is slowing down, firms will accumulate unwanted inventories. Those inventories still show up in GDP, but they are unsold. Hence, GDP will be biased upwards. Similarly, in good times businesses will reduce inventory levels to...
by sslifer | Feb 27, 2025 | GDP, NumberNomics Notes
February 27, 2025 It is important to remember that final sales is a measure of how many domestically produced goods are sold each quarter. But we also sell goods overseas — our exports. And we purchase goods from other countries — our imports. In the...
by sslifer | Feb 27, 2025 | GDP, Inflation, NumberNomics Notes
February 27, 2025 There are many different deflators that are available. This one is for gross domestic purchases which measures prices paid by U.S. residents. It is the one measure of inflation that the Commerce Department talks about when it releases the GDP...
by sslifer | Feb 27, 2025 | Industrial Production, NumberNomics Notes
February 27, 2025 Durable goods orders jumped 3.1% in January after having fallen 1.8% in December . Durable goods orders have risen 3.4% in the past year. Much of the change in durables is frequently in the transportation sector — airplanes, cars, and...
by sslifer | Feb 26, 2025 | Housing, NumberNomics Notes
February 26, 2025 New home sales fell 10.5% in January to 657 thousand after having climbed by 8.1% in December. The January drop was almost exclusively in the South and clearly the reflected the snow, ice, and extreme cold weather that persisted for most of that...
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