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US gross domestic income continues to look very weak [ClearOnMoney]
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US gross domestic income continues to look very weak

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Commentary

US gross domestic income continues to look very weak

20 Dec 2012 by Jim Fickett.

Today the BEA released the second revision of GDP and GDI for Q3. GDP was revised up, but GDI was revised down. Q2 to Q3 growth in GDI was 0.4% in the last release, and is 0.3% in this release. Year-over-year growth was 2.3% and is now 2.2%. Although most headlines concentrated on GDP, as usual, GDI is a better cyclical indicator, so the divergence is bad news. Still, the diagnosis remains the same – rocky outlook, but no recession yet.