ST Alpha - ""Federal Reserve SF calculated in 2010 goods �Made in China� accounted for 2.7% of US personal-consumption expenditures"" (Reading a Post)

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"Federal Reserve SF calculated in 2010 goods �Made in China� accounted for 2.7% of US personal-consumption expenditures"

Posted by ty97 Jul 20 '12, 14:11

That seems low. Like 50%+ low. 2.7% really? Even considering that's 2.7% of goods and services and that services (which are 2/3 of consumption) are generally local, that would still mean that 'Made in China' is only 8.3% of goods personally consumed. That just seems awfully low.

link (online.wsj.com)

Responses:

gas, electricity, water, etc.? -- nm - zork Jul 20, 14:22 4
- cars, food, clothing, cosmetics, personal care items, and and and. there's a lot that adds up that's not from there. -- nm - b. Jul 20, 14:26 3
  - ummm, plenty of clothes, cosmetics, etc. (even food) items are from China -- nm - zork Jul 20, 14:28 1
    - but plenty aren't. I own almost nothing from there for those, without having to try very hard. -- nm - b. Jul 20, 14:30
  - (and then I read the article. sorry for repeats there.) (but I should have mentioned services, too.) -- nm - b. Jul 20, 14:27
everything else is made of canadian lumber. -- nm - Max Jul 20, 14:18
Yeah, should've made that a poll. I would have guessed in the double-digits, at least. -- nm - Dr.Vermin Jul 20, 14:13

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"Federal Reserve SF calculated in 2010 goods �Made in China� accounted for 2.7% of US personal-consumption expenditures"

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