Pantheon Macroeconomics - If you apply a seasonal adjustment to a seasonally adjusted series, it shouldn't change. When you apply a seasonal adjustment to the U.S. GDP numbers, they do change. First quarter growth, reported Friday at just 0.7%, goes up to 1.7%, on our estimate.

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1 May 2017 Ignore the Weak Q1 GDP Numbers -- they Cannot be Trusted

By Ian Shepherdson

If you apply a seasonal adjustment to a seasonally adjusted series, it shouldn't change. When you apply a seasonal adjustment to the U.S. GDP numbers, they do change. First quarter growth, reported Friday at just 0.7%, goes up to 1.7%, on our estimate.

Posted: 30th Apr 2017 in 'U.S. Documents'

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