by Mike ‘Mish’ Shedlock
What’s the most important metric in GDP report on Friday?
Caroline Baum tweets that it’s private final demand, the slowest in three years, excluding the first quarter of 2016.
[…] Real Final Sales to Private Domestic Purchaser
[…] Ever Weakening Real Final Demand
A slightly different metric better highlights ever-weakening demand.
Real Final Sales of Domestic Product % Change From Year Ago