68 sats \ 2 replies \ @Signal312 2 Sep \ on: Eurozone Industry Faces Deep Recession Amid Energy Policy a Sanction Challenges econ
So correct me if I'm wrong - using the PMI - Purchasing Managers Index - instead of GDP (which includes government spending) is a more accurate picture of the economy?
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21 sats \ 1 reply \ @TomK OP 2 Sep
so in general you have to adjust the GDP data for government spending. the private sector has to be analyzed in its strength or weakness. This includes the PMI. please do not forget the service sector and foreign trade activity
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47 sats \ 0 replies \ @Bell_curve 3 Sep
we have to ignore government spending
Private sector is more important for gauging (or gouging) economic health and growth
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