Inventory Investment: Growth Estimate

inventory investment: The growth estimate, which might be revised, was surprisingly strong; as recently as April 1, economists were predicting a desultory quarter that barely moved the GDP needle, according to The Independent. It's also a bit of a rebound from the fourth quarter of 2018, when growth sagged to a 2.2% annual rate. The U.S. economy grew at a healthy 3.2% annual rate in the first three months of the year, according to a preliminary estimate from the Bureau of Economic Analysis on Friday. Before you pop the champagne corks, consider that the source of growth wasn't ideal. Aside from the increase in exports, those aren't indicators of growth to come. The BEA credited an upturn in state and local government spending, accelerations in private inventory investment and in exports, and a smaller decrease in residential investment. (news.financializer.com). As reported in the news.