3rd estimate of Q2 GDP and annual revision; September’s jobs report, August’s income and outlays, construction spending, factory inventories, and JOLTS
The major economic releases of last week were the 3rd estimate of 2nd quarter GDP from the Bureau of Economic Analysis, which included an annual revision covering the prior five years, and the August report on Personal Income and Spending , also from the BEA, which includes two months of data on personal consumption expenditures and hence will account for more than 47% of 3rd quarter GDP, the Employment Situation Summary for September and the Job Openings and Labor Turnover Survey (JOLTS) for August, both from the Bureau of Labor Statistics, and the August report on Construction Spending (pdf) and the Full Report on Manufacturers’ Shipments, Inventories and Orders for August , both from the Census Bureau…in addition, this week also saw the last regional Fed manufacturing survey for September: the Dallas Fed Texas Manufacturing Outlook Survey , which covers Texas and adjacent western Louisiana and southeastern New Mexico, reported its general business activity edged down to +9.8 in ...