New Numbers

BEAThe Friday File: The Bureau of Economic Analysis recently launched a new economic data series called Final Sales to Private Domestic Purchasers (FSPDP). This is awesome! What more could an economist want?  This series will exclude the most volatile components of GDP including inventories, exports, imports, and government spending. What is left? That said, it will offer a more stable and possibly a more forward-looking estimate of underlying GDP.

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