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February 27, 2009

More on Q4 GDP Estimates

Here is John Kemp of Reuters on sources of the revisions to Q4 GDP:

What happened with the Q4 GDP estimates, is that the FINAL SALES figure did not change much (revised down from -5.9% to -6.4%) but the government made a massive change to the INVENTORIES figure (revising inventories from a rise of $6.2 billion to a fall of $19.9 billion).

More here.

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