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Monthly GDP rose 1.0% in August, more than reversing a 0.5%
decline in July that was revised down from the initial estimate of
a 0.2% increase. The increase in August was largely accounted for
by nonfarm inventory investment, as nonfarm inventories are
estimated to have declined considerably less in August than they
did in July. Final sales also contributed to the increase in GDP in
August, with that gain more than accounted for by personal
consumption expenditures. Implicit in our latest estimate of 2.2%
(annualized) GDP growth in the third quarter is a 0.5% increase
(not annualized) of GDP in September.
IHS Markit's index
of Monthly GDP (MGDP) is a monthly indicator of real aggregate
output that is conceptually consistent with real Gross Domestic
Product (GDP) in the National Income and Product Accounts. The
Monthly GDP Index is consistent with the NIPAs for two reasons:
first, MGDP is calculated using much of the same underlying monthly
source data that is used in the calculation of GDP. Second, the
method of aggregation to arrive at MGDP is similar to that for
official GDP. Growth of MGDP at the monthly frequency is determined
primarily by movements in the underlying monthly source data, and
growth of MGDP at the quarterly frequency is nearly identical to
growth of real GDP.
Although demand currently remains strong, CEE countries face considerable pressures with supply chain bottlenecks a… https://t.co/XdJWgKwXEY
Oct 19
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