Update After I put this post up the Bureau of Economic Analysis released its first estimate for GDP growth in the third quarter: 2.6% Real gross domestic product (GDP) increased at an annual rate of 2.6 percent in the third quarter of 2022 (table 1), according to the "advance" estimate released by the Bureau of Economic Analysis. In the second quarter, real GDP decreased 0.6 percent.
I know my business is just an anecdote, not data, but we're definitely running somewhat slower than we had been. FWIW, about half my revenue comes from exports (mostly to Europe) and those customers a whining about the exchange rate because my prices are in Dollars. They'd like me to cut prices or give them discounts. I so wanna ask them, "Hey, did you offer to pay more back when one Euro bought $1.50?"
I know my business is just an anecdote, not data, but we're definitely running somewhat slower than we had been. FWIW, about half my revenue comes from exports (mostly to Europe) and those customers a whining about the exchange rate because my prices are in Dollars. They'd like me to cut prices or give them discounts. I so wanna ask them, "Hey, did you offer to pay more back when one Euro bought $1.50?"
Makes me wonder what comes up in November that could benefit from bs data???