Monthly GDP slipped 0.1% in October following a 0.1% increase in September that was revised higher by one-tenth. The slight decline in October reflected a decline in net exports that was partially offset by modest increases in domestic final sales and nonfarm inventory investment. The level of GDP in October was only 0.3% above the third-quarter average at an annual rate. Implicit in our latest tracking forecast of 2.5% GDP growth in the fourth quarter is a solid, 0.7% increase in monthly GDP in November, driven by increases in inventory investment and net exports. Click here for more information on MA's Monthly GDP measure. The post MA's Monthly GDP Measure Slipped 0.1% in October appeared first on .
