Tuesday, November 4, 2014

Federal Net Spending FY thru October


Chart below posted here at the conclusion of October, the first month of the FY.

Chart shows 3 year trend.  We are up over last year which is an easy YoY comp as last October was low due to the effects of the "shutdown".

However the comp with 2013 is not as impressive but up a bit never the less.  Raw data indicates a 371B vs 344B October since FY 2013 or a $27B MoM increase but this year is probably $20B over stated due to calendar peculiarities.

In any case this result for October is not bad news for the measure of leading/source spending flow into the global USD economy.



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