GDI should be close to GDP, theoretically. It's not.
While consumers cut back on goods spending, spending on services jumped.
There are reasons to take a weak gross domestic product report with a big grain of salt.
Gross domestic product in the fourth quarter of 2017 rose 2.6 percent on an annualized basis, compared to 3.2 percent in the third quarter, according to the Bureau of Economic Analysis. The rate of economic growth for the 2017 calendar year was 2.3 percent, compared to 1.5 percent in 2016. Several components of GDP were particularly strong […]