Gross Domestic Product (GDP) increased by an annual rate of 0.6% in the fourth quarter of 2007. This is down from the 4.9% in increase in the third quarter.
As described in this earlier post, Residential Investment in the greatest contributor to weakness before recessions. This is followed by Durable Goods, and then Services.
Real residential fixed investment decreased 23.9% in the fourth quarter, compared with a decrease of 20.5% in the third quarter. Durable goods increased 4.2 %, compared with an increase of 4.5 %. This was a healthy increase suggesting we may not have slipped into recession in December. Services expenditures increased 1.6 %, compared with an increase of 2.8 %.
Here are charts of Residential Investment, Durable Goods, and Services.
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3 comments:
Are all of these numbers real? or are some nominal?
Thanks.
These are all real figures calculated by the U.S. Department of Commerce(they are adjusted by PCE inflation).
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