The category "intermediate" inputs does not include investment goods. When a business purchases a truck, the truck is private fixed investment (light blue in the Sankey chart), not an intermediate input.
Danny Bachman, Ph.D.
Danny Bachman is in charge of U.S. economic forecasting for Deloitte's Eminence and Strategy functions. He is an experienced U.S. and international macroeconomic forecaster and modeler. Dr. Bachman came to Deloitte from IHS economics, where he was in charge of IHS's Center for Forecasting and Modeling. Prior to that, he worked as a forecaster and economic analyst at the US Commerce Department, was responsible for U.S. economic forecasting and modeling at WEFA (previously Wharton Econometric Forecasting Associates) and taught international economics at Temple University. His first professional job was at Israel's Ministry of Finance.
Dr. Bachman is a native of Philadelphia. He has a B.A. from Johns Hopkins and Ph.D. from Brown University. Dr. Bachman lives in Rockville, Maryland with his wife, but without his two millennial children, who—evidently defying the odds—have not returned home after college. Yet.