GDP Gain Revised Upward

The Lehmann Letter (SM)

This morning the Bureau of Economic Analysis revised upward its estimated third-quarter GDP increase to 5.0%:

http://www.bea.gov/newsreleases/national/gdp/gdpnewsrelease.htm

That follows a 4.6% gain in the second quarter.

The stock market rose on the news.

(To be fully informed visit http://www.beyourowneconomist.com/)

© 2014 Michael B. Lehmann