Tuesday, January 17, 2012

MA's Monthly GDP Declined 0.8% in November

Monthly GDP declined 0.8% in November, partially reversing a 1.3% increase in October. The November decline was more than accounted for by inventory investment and net exports; domestic final sales posted a decent gain. The level of monthly GDP averaged over October and November was 3.2% above the third-quarter average at an annual rate. Our latest tracking forecast of 3.0% annualized growth of GDP in the fourth quarter assumes a 0.3% increase in monthly GDP in December.

This is from a commentary that was published on January 17, 2012.




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