Friday, June 16, 2023

GDPNow -- 2Q23 Estimates Updated -- Decreased Government Spending --> GDP Estimate Drops -- Well, That's Not Good! June 16, 2023

Locator: 44950ECON.  

GDPNow, link here

Recent government data, multiple sources:

  • personal consumption expenditures growth dropped from 1.4% too 0.9%
  • government spending dropped from 2.7% to 2.3%.

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