New GO Shows a Decent Recovery, Not a Severe Recession.
Washington, DC (Wednesday, June 29, 2022): Today, the federal government released gross output (GO) – the measure of total spending in the economy – for the 1st quarter 2022. Real GO rose 2.0% (after inflation). Surprisingly, GO was positive while … Continued
Fourth Quarter Gross Output Confirms Stagflation for 2022, But No Recession
Washington, DC (Wednesday, March 30, 2022): Today, the federal government released gross output (GO) – the measure of total spending in the economy – for the 4th quarter 2021. Real GO rose 3.8% (after inflation), which was another indication of a … Continued
Economy Slows, But the Outlook is Still Positive
Washington, DC (Wednesday, December 22, 2021): Today, the federal government released gross output (GO) – the measure of total spending in the economy – for the 3rd quarter. Real GO rose 4.4% (after inflation), a slowdown in the economy compared … Continued
Despite Higher Inflation, the U.S. Economy Continues to Boom: Gross Output (GO) Hits $50 Trillion!
Washington, DC (Thursday, September 30, 2021): For the first time in history, total spending in the economy, Gross Output (GO), hit $50 trillion 2021, based on the latest economic data release. Gross Output (GO) is the top line in national … Continued
While Inflation Threatens, the U.S. Economy is Firing on All Cylinders
Washington, DC (Thursday, June 24, 2021): On June 24, 2021, the federal Bureau of Economic Analysis (BEA) released data for the first quarter 2021 Gross Output (GO) – the most comprehensive measure of total spending in the economy, including the … Continued
Gross Output (GO) Growth Outpaces GDP Again to Suggest Robust Recovery
Washington, DC (Thursday, March 25, 2021): On March 25, 2021, the federal Bureau of Economic Analysis (BEA) released data for the fourth quarter 2020 gross output (GO) – the most comprehensive measure of total spending in the economy, including the … Continued
Business-to-Business (B2B) Spending Grows Faster Than GDP!
Washington, DC (Tuesday, December 22, 2020): On December 22, 2020, the federal Bureau of Economic Analysis (BEA) announced that gross output (GO) – the most comprehensive measure of total spending in the economy, including the supply chain – rose dramatically … Continued
GO-Day Celebration: Gross Output and GDP published on Same Day for the First Time
Dear friends, Good news! For the first time, the federal government (BEA) has released the “top line” gross output (GO) at the same time as the “bottom line” GDP. For years, publicly-traded companies have simultaneously posted the top line (sales/revenues) and the … Continued
GO Matches GDP – The Economy More Resilient Than We Thought
Washington, DC (Wednesday, September 30, 2020): On September 30, 2020, the federal Bureau of Economic Analysis (BEA) announced that gross output (GO) – the most comprehensive measure of total spending in the economy, including the supply chain – slowed dramatically … Continued
Despite a First Decline in More Than a Decade for Q1, Gross Output (GO) Might Still Offer Hope for a Robust Recovery in Late 2020
Washington, DC (Tuesday, July 7, 2020): On July 6, 2020, the federal Bureau of Economic Analysis (BEA) announced that gross output (GO) – the most comprehensive measure of total spending in the economy, including the supply chain – slowed dramatically … Continued
GO Beyond GDP: A Breakthrough in Macroeconomics
A Paper Presented to the Mont Pelerin Society Meetings on May 8, 2017, Seoul, Korea (anniversary of Friedrich Hayek’s birthday) by Mark Skousen Presidential Professor, Chapman University “Gross output [GO] is the natural measure of the production sector, while net … Continued
Gross Output (GO) Anticipated Slowdown in 2020 – Before the Deluge
Washington, DC (Monday, April 6, 2020): On April 6, 2020, the federal Bureau of Economic Analysis (BEA) announced that gross output (GO) – the most comprehensive measure of total spending in the economy, including the supply chain – slowed dramatically … Continued
New Academic Article Supports GO and Austrian Theory of the Business Cycle
Mark Gertsen (University of Groningen) has just published an academic study in favor of gross output (GO) as a powerful new macroeconomic tool and statistic. His article, “Interest Rates, Roundaboutness, and Business Cycles: An Empirical Study,” is published in the fall … Continued
U.S. Economy on the GO: Total Spending Accelerates
Washington, DC (Thursday, January 9, 2020): On January 9, 2020, the Bureau of Economic Analysis (BEA) released the “top line” measure of total spending at all stages of the economy, known as gross output (GO), for the 3rd quarter 2019. … Continued
Don’t Worry about the U.S. Consumer
Take a look at today’s article about the U.S. consumer by Brian Wesbury, chief economist at First Trust Chicago: https://www.ftportfolios.com/Commentary/EconomicResearch/2019/12/2/dont-worry-about-the-us-consumer He uses my gross output (GO) statistic to refute the myth that consumer spending drives the economy. It’s a beautifully written … Continued
U.S. Enjoys a Modest Recovery – No Recession in Sight!
Washington, DC (Tuesday, October 29, 2019): On October 29, 2019, the Bureau of Economic Analysis released gross output (GO) data for the 2nd quarter 2019. The 2.0% real-term growth in the second-quarter 2019 was 25% higher than the 1.6% … Continued
Trade War Threatens Recession
Washington, DC (Monday, July 29, 2019): On July 19, 2019, the federal government released gross output (GO) for the 1st quarter 2019, and the 1.6% real-term growth — which was 30% lower than the 2.3% advancement from the previous period … Continued
Gross Output Confirms a Slow-Growth Economy as We Enter 2019
Washington, DC (Friday, April 19, 2019): Today the federal government released gross output (GO) for the 4th quarter 2018, and the increase (2.3% in real terms) confirmed a slow-growth economy as we enter a new year. For the entire year … Continued
Recent Growth of GDP and Gross Output
Using Gross Output (GO) that the Bureau of Economic Analysis (BEA) has been releasing every quarter since April 2014, David Ranson, chief economist for the private forecasting firm HCWE & Co., has been tracking and analyzing the relationship between GDP … Continued
The US Economy is NOT Slowing Down. Business Spending Soars!
By Mark Skousen Editor, Forecasts & Strategies Washington, DC (Thursday, February 21, 2018) “Gross Output provides an important new perspective on the economy and a powerful new set of tools of analysis, one that is closer to the way … Continued
Gross Output Indicates Continued Boom in the U.S. Economy as Business Spending Expands Rapidly in Q2
Washington, DC (Thursday, November 1, 2018): Gross output (GO), the top line of national accounting that measures spending at all stages of production, continued to build on the growth from the first quarter and advanced at an even faster pace … Continued
US Economy Continues to Expand, but Business Spending Slows Temporarily
Washington, DC (Friday, July 20, 2018): Gross output (GO), the top line of national accounting that measures spending at all stages of production, continued to expand in the first quarter, but at a slower pace than the previous quarter. Based … Continued
If GDP Lags, Watch the Economy GO
‘Gross output’ reflects the full value of the supply chain, and it portends much faster growth. Reprinted from THE WALL STREET JOURNAL. By Mark Skousen The Bureau of Economic Analysis will release its preliminary first-quarter growth figure on Friday. According … Continued
Away We GO: Business Spending Accelerates in 4th quarter 2017
Washington, DC (Thursday, April 19, 2018) Gross output (GO), the top line of national accounting that measures spending at all stages of production, accelerated economic growth to record levels in the 4th quarter 2017. Based on data released on … Continued
Gross Output
Dear friends, Many of you know about my singular contribution to economics, the development of gross output (GO), the new statistic that measures spending at all stages of production, including the supply chain. I call it the “top line” in national … Continued
Recognizing the Power of GO
By: Matt Benjamin | Senior Macroeconomic Analyst | The Oxford Club Who is more important to the economy, the consumer or the businessperson? This is a question with major implications for policymakers and investors alike. Conventional economic wisdom holds … Continued
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