Why Focus on Final Sales to Private Domestic Purchasers?
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Preliminary GDP rose 2% SAAR after 0.5% in Q4. Final sales to private domestic purchasers — aka “core GDP” — grew 2.5% vs. 1.8% previous. In general, since the pandemic, core GDP has been less volatile than GDP.
Figure 1: GDP growth SAAR (blue), final sales to private domestic purchasers (red), both q/q annualized. Q2 observations are GDPNow estimates as of 5/1. Source: BEA, Atlanta Fed, and author’s calculations.
A statistical assessment indicates that 2000-2019,
Figure 1: GDP growth SAAR (blue), final sales to private domestic purchasers (red), both q/q annualized. Q2 observations are GDPNow estimates as of 5/1. Source: BEA, Atlanta Fed, and author’s calculations.
A statistical assessment indicates that 2000-2019,
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