Today in the economy

[killersheep]

3/26/09

USA - GDP

Actual-6.30%|Forecast-6.60%|Previous-6.20%

The gross domestic product measures the total market value of all final goods, thus serving as an indicator for national income and output.

-------------------------------------------------------------------

New Zealand - GDP

Actual-0.90%|Forecast-1.10%|Previous-0.40%

-------------------------------------------------------------------

3/27/09

UK - GDP

Actual-1.60%|Forecast-1.50%|Previous-1.50%

Not good. Consumer spending fell 3% too when you ignore the adjustments. These monthly numbers don't really tell the full story though. The best clue you can get from them is to look for is the direction of the revisions they make to them a month or three after they post these original numbers. Eventually these numbers all get revised when more accurate data can be produced. If they're revised down, as they have been for over a year, then that's a bad sign. When the direction of the revisions is positive and the year-over-year numbers are starting to stabilize, then we will know things are starting to turn around. Look at the year-on-year numbers too.

Can you provide that data, or give me a good source for it?