Recent figures on U.S. growth domestic product are reportedly leaving out part of the picture of the nation’s economic health by not including B2B data, some analysts say.
Reports published Wednesday (Dec. 30) said the latest GDP stats for Q3 2015 emphasized consumer spending but left out $21 trillion in business-to-business spending for the time period.
This is leading some analysts to emphasize the gross output (GO) statistic, in addition to GDP, as GO also includes B2B activity.
Commentary published by investment expert Mark Skousen noted the differentiating data in GDP and GO, with GDP only measuring output, while GO includes B2B activity, like supply chain processes.
According to Skousen, business spending is driving the economy and helping fuel improvement in U.S. economic growth.
Of course, neither statistic can provide a definitive conclusion on the state of the U.S. economy. The most recent Store Front Business Index, fueled by CAN Capital, provides another look at the state of the U.S. economy towards the end of 2015. According to the most recent statistics, the market is in the midst of a linear progression upwards following the Great Recession.