Pantheon Macroeconomics - Don't fret over the slowdown in growth in the fourth quarter. The quarterly GDP data are volatile even after several rounds of revisions, and the advance numbers are full of assumptions about missing trade, inventory and capex data, which often turn out to be wrong.

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2 Feb. 2015 Slower Q4 Growth is a Distraction - Labor Data Matter Much More

By Ian Shepherdson

Don't fret over the slowdown in growth in the fourth quarter. The quarterly GDP data are volatile even after several rounds of revisions, and the advance numbers are full of assumptions about missing trade, inventory and capex data, which often turn out to be wrong.

Posted: 2nd Feb 2015 in 'U.S. Documents'

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