Friday, January 28, 2005

FROM BEA site this AM GDP Data and my comments

"..... The major contributors to the increase in real GDP in the fourth quarter were personalconsumption expenditures (PCE), equipment and software, private inventory investment, andgovernment spending. The contributions of these components were partly offset by a negativecontribution from exports. Imports, which are a subtraction in the calculation of GDP, increased.

The deceleration in real GDP growth in the fourth quarter primarily reflected a downturn inexports of goods, an acceleration in imports of goods, and a deceleration in PCE for durable goods thatwere partly offset by an upturn in private inventory investment.

Final sales of computers contributed 0.48 percentage point to the fourth-quarter change in realGDP after contributing 0.18 percentage point to the third-quarter change. Motor vehicle outputcontributed 0.87 percentage point to the fourth-quarter change in real GDP after contributing 0.34percentage point to the third-quarter change.
The price index for gross domestic purchases, which measures prices paid by U.S. residents,increased 2.7 percent in the fourth quarter, compared with an increase of 1.9 percent in the third. Excluding food and energy prices, the price index for gross domestic purchases increased 1.9 percent inthe fourth quarter, compared with an increase of 1.7 percent in the third.

FOOTNOTE.--Quarterly estimates are expressed at seasonally adjusted annual rates, unless otherwise specified.*

*ADD IN HEDONIC PRICING and other gov statistical BS manipulation seasonally adjusted shickanery.....THE US IS ONLY country using HEDONIC pricing....they MUST look better than rest of world to attract debt lovers.....so REAL WORLD US growth is anemic and is MOSTLY debt accelerated consumer consuming...we need LESS BEE WATCHER WATCHERS and MORE BEE WATCHER MAKERS!

More of the same, weaker exports even with weaker dollar...and consumers consuming is BULK of our...GDP!

GDP came in WEAKER than expected at 3.1..inflation is HEATING UP

Duratek

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