No. 486: Third-Quarter GDP Revision, Durable Goods Orders, New Home Sales

(SGS Subscription required) Third-Quarter 2012:
• Revised GDP Growth Was Flawed and Statistically Insignificant
• GDI (Theoretical GDP Equivalent) Rose 1.7%,
With Second-Quarter Falling into 0.7% Contraction
• Durable Goods Quarterly Contraction Deepened in Revision
• New Homes Sales Quarterly Gain Largely Revised Away

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