Monthly GDP Flat Since March

SPGMI’s estimate as of 8/3: Figure 1: NFP employment (bold blue), civilian employment with smoothed population controls (bold orange), industrial production (red), personal income excluding current transfers in Ch.2017$ (bold light green), manufacturing and trade sales in Ch.2017$ (black), and monthly GDP in Ch.2017$ (pink), GDP (blue bars), NY Fed nowcast of 8/21 (light blue box), […]