CHART OF THE DAY: Here's Why You Shouldn't Freak Out About That Weak GDP Report

button more charts
button chart prev
button chart next

Want to get the Chart of The Day before everybody else? Get it in an email.

This morning’s revision to Q3 GDP was a bit weaker than expected, with consumer spending coming in lower than in the previous estimate.

But it’s not a big deal. First of all, that was for the quarter ending in September.

Second, the connection between retail sales and consumer spending is pretty solid over time, and already we know the numbers are coming in strong for Q4. So relax.

Big thanks to Ellen Zentner at Mitsubishi Financial for sending out this chart.

chart of the day, spending vs retail sales, dec 2010

NOW WATCH: Money & Markets videos

Business Insider Emails & Alerts

Site highlights each day to your inbox.

Follow Business Insider Australia on Facebook, Twitter, LinkedIn, and Instagram.