GDP Q3 Third Estimate at -0.1%, A Shocking Slip into Contraction

From dshort.com - Advisor Perspectives
January 30, 2013 - 9:09am

Jan 30, 2013 Doug Short  The Advance Estimate for Q4 GDP came in at minus 0.1 percent, A shocking surprise to the downside. The WSJ survey of fifty economists I posted yesterday called for a 1.6% print. The Briefing.com consensus I generally feature was for a 1.0 percent GDP, with Briefing.com's on estimate near zero at 0.1 percent. Hands down, Briefing.com's call was closer to the mark than any I've seen. Here is an excerpt from the Bureau of Economic Analysis news release:More...


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