MA’s Monthly GDP Measure Flat in September

Monthly GDP was flat in September for the third consecutive month.  The August reading was revised down from a previously estimated 0.3% increase.  Underlying the September reading were large increases in PCE and nonresidential fixed investment (both reflecting a surge in vehicle sales) offset by a large decline in nonfarm inventory investment (reflecting both the surge in vehicle sales and hurricane disruptions).  The level of GDP in September was roughly equal to the third-quarter average and consistent with our latest estimate of 2.7% GDP growth in the third quarter.

 

Click here for more information on MA’s Monthly GDP measure. 

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