MA’s Monthly GDP Measure Jumped 0.8% in November

Monthly GDP rose 0.8% in November, following a 0.3% decline in October that was revised down from a previously reported 0.1% decline.  The jump in November reflected sizable gains in both inventory investment and domestic final sales, with little contribution from net exports.  Averaged over October and November, monthly GDP was 1.5% above the third-quarter average at an annual rate.  Implicit in our latest tracking forecast of 2.4% GDP growth in the fourth quarter is a 0.3% increase in monthly GDP in December.


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