What Is Housing Contributing to the GDP?

July 20 (Bloomberg) -- On today's "Chart Attack," Oppenheimer Funds' Jerry Webman and Bloomberg's Adam Johnson look at housing. They speak on Bloomberg Television's "Street Smart." (Source: Bloomberg)
China’s Official Factory Gauge Shrinks
41:01 - China’s Purchasing Managers’ Index fell to the lowest reading in three years as monetary easing failed to revive old growth drivers weighed by overcapacity and sliding prices. The figure was 49.7 for August, matching the median estimate in a Bloomberg survey and down from 50 in July. Meanwhile, Australia left interest rates unchanged as a declining currency cushions the impact of lower commodity prices and a weaker outlook for its key trading partner.
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