This Economic Letter discusses a topic that at first glance appears to be boring and technical but that in fact turns out to be quite important: the proper interpretation of chain-weighted data. To ...
Q3 GDP: +2% vs. +2.1% expected, +1.7% in Q2. Chain-weighted price index +2.3% vs. +1.8% expected, +1.9% previous.
The chain-type measure of gross domestic product registered a 2.6% increase in the preliminary estimate, compared to a 2.5% gain in the advance figures. Economists polled by IFR BondData America had ...
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