GDP Watch: Q1 2009 Preliminary

Speaking of statistical shenanigans, now we’re told that things are better than previously reported, but not as much better than previously reported as expected. Got that? Of course, I know you’re all looking forward to the upcoming revision of the National Income and Product Accounts, where similar post-facto adjustments will be applied to historical data.

Quarter Adv Pre Final Rev Annual
2009 Q1 -6.1 -5.7
2008 Q4 -3.8 -6.2 -6.2 -6.3 1.1 (1.3)
2008 Q3 -0.3 -0.5 -0.3 -0.5
2008 Q2 1.9 3.3 2.8 2.8
2008 Q1 0.6 0.9 1.0 0.9
2007 Q4 0.6 0.6 0.6 -0.2 2.0
2007 Q3 3.9 4.9 3.9 4.8
2007 Q2 3.4 4.0 3.8 4.8
2007 Q1 1.2 0.5 0.6 0.1
2006 Q4 3.5 2.2 2.5 1.5 2.8
2005 Q4 1.1 1.6 1.7 1.3 2.9
2004 Q4 3.1 3.8 3.8 2.4 3.6

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