by sslifer | Apr 25, 2024 | Housing, NumberNomics Notes
April 25, 2024 Pending home sales rose 3.4% in March to 78.2 after rising 1.6% in February. The National Association of Realtors chief economist, Lawrence Yun said, “March’s Pending Home Sales Index – at 78.2 – marks the best performance in a year, but it...
by sslifer | Apr 25, 2024 | GDP, NumberNomics Notes
April 25, 2024 . The preliminary estimate of first quarter GDP growth was 1.6% compared to a 2.5% growth rate that had been expected in the first quarter and compared to fourth quarter growth of 3.4%… While the perception is that the economy is slowing down, be...
by sslifer | Apr 25, 2024 | GDP, NumberNomics Notes
April 25, 2024 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 satisfy...
by sslifer | Apr 25, 2024 | GDP, NumberNomics Notes
April 25, 2024 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 | Apr 25, 2024 | GDP, Inflation, NumberNomics Notes
April 25, 2024 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...
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