Economic Event | Period | Economic Survey | Actual Reported | Original Prior | Revised Prior |
GDP Annualized QoQ | 3Q T | 3.6% | 4.1% | 3.6% | -- |
Personal Consumption | 3Q T | 1.4% | 2.0% | 1.4% | -- |
GDP Price Index | 3Q T | 2.0% | 2.0% | 2.0% | -- |
Core PCE QoQ | 3Q T | 1.5% | 1.4% | 1.5% | -- |
The last look at third quarter GDP was revised up to 4.1% from 3.6%. Now, keep in mind that this number, to a significant degree, is built on increases in inventory. We manufactured a bunch of stuff, now if in the fourth quarter we can turnover those inventories with sales we are really talking about something. GDP Price Index was unch’d. Personal Consumption was also revised up to 2.0%. It was a pretty good quarter, things sure look like they are getting better.
I will be out of the office on Monday and Tuesday, so I want to take this time to wish each and every one of you the very happiest of holidays!
Merry Christmas and Happy New Year
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“I have not failed. I've just found 10,000 ways that won't work.” ~ Thomas Alva Edison
John Broussard
Assistant State Treasurer
Chief Investment Officer
State of Louisiana
Department of the Treasury
225-342-0013
jbroussard@treasury.state.la.us
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