Profile image
By Ed Dolan (Reporter)
Contributor profile | More stories
Story Views

Now:
Last Hour:
Last 24 Hours:
Total:

Latest US GDP Numbers Confirm Consumer-Led Expansion but Government and Exports were Weaker than Previously Thought

Sunday, September 22, 2013 17:13
% of readers think this story is Fact. Add your two cents.

The second revision of GDP data released today by the Bureau of Economic Analysis confirmed that the U.S. economy expanded at a moderate 2.4 percent annual rate in the first quarter of 2013. The figure for overall growth was almost unchanged from the 2.5 percent of last month’s advance estimate. However, there were significant changes in several of the components of GDP growth, as the following table shows.

Growth of consumer spending was even stronger than previously reported. In fact, we could say that consumers accounted for all of the reported growth, since pluses and minuses in other sectors just cancelled each other out. Increases in consumer spending were broad-based, with durable goods, nondurable goods, and services all showing solid gains. >>>Read more

Follow this link to view or download a classroom-ready slideshow with charts and analysis of the latest GDP data.



Source: http://dolanecon.blogspot.com/2013/05/latest-us-gdp-numbers-confirm-consumer.html

We encourage you to Share our Reports, Analyses, Breaking News and Videos. Simply Click your Favorite Social Media Button and Share.

Report abuse

Comments

Your Comments
Question   Razz  Sad   Evil  Exclaim  Smile  Redface  Biggrin  Surprised  Eek   Confused   Cool  LOL   Mad   Twisted  Rolleyes   Wink  Idea  Arrow  Neutral  Cry   Mr. Green

Top Stories
Recent Stories
 

Featured

Top Global

Top Alternative

Register

Newsletter

Email this story
Email this story

If you really want to ban this commenter, please write down the reason:

If you really want to disable all recommended stories, click on OK button. After that, you will be redirect to your options page.