Intellectual Property Helps Boost 3Q GDP Growth To Highest Level Since 2003

As was widely reported yesterday, 3Q GDP growth was the strongest since 9/30/2003. However, less widely reported was the fact the intellectual property products contributed the most to real GDP in 32 quarters (9/30/2006). Fixed investment overall contributed 121 basis points to real GDP. Residential fixed investment contributed only 10 basis points and continues to hover around 3% of GDP.