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
GDP Accelerating in Q2 2018
The graph below demonstrates that the supply chain in the US (“real intermediate output”) is growing fast, and suggests strong economic growth into 2018. Graph created by David Ranson, HCWE & Co. (www.hcwe.com)
Mark Skousen Responds to Walter Block’s Critique of GO
Revista Procesos de Mercado (Review of Market Processes) has just published Mark Skousen’s article, “Blocking Progress in Austrian Economics: A Rejoinder,” where he defends his work in gross output (GO) and responds to a recent critique by Walter Block. Read … Continued
GO Slow: New Leading Indicator Predicted Slowdown in GDP
by Mark Skousen Presidential Fellow, Chapman University Editor, Forecasts & Strategies For the previous two quarters (Q2 and Q3, 2017) Gross Output, the new broader measure of the economy that includes the supply chain, was growing at a slower rate … Continued
THIRD QUARTER GROSS OUTPUT AND B2B SPENDING GAIN MOMENTUM
Washington, DC (Friday, January 19, 2018): Gross output (GO), the top line of national accounting that measures spending at all stages of production, gained momentum in the 3rd quarter 2017. Based on data released on Friday, January 19, 2018 by … Continued
2ND QUARTER GROSS OUTPUT SHOWS SURPRISE SLOWDOWN IN ECONOMY
By: MARK SKOUSEN Washington, DC (Thursday, November 2, 2017): Gross output (GO), the top line of national accounting and a leading economic indicator, grew at a slower pace than GDP in the second quarter 2017, indicating a sudden slowdown in … Continued