|
Real gross domestic product -- the output of goods and services produced by labor and property
located in the United States -- decreased at an annual rate of 1.0 percent in the first quarter according to
the "second" estimate. In the fourth quarter, real GDP
increased 2.6 percent.
The GDP estimate released today is based on more complete source data than were available for the "advance" estimate issued last month. In the advance estimate, real GDP was estimated to have increased 0.1 percent. With this second estimate for the first quarter, the decline in private inventory investment was larger than previously estimated. The decrease in real GDP in the first quarter primarily reflected negative contributions from private inventory investment, exports, nonresidential fixed investment, state and local government spending, and residential fixed investment that were partly offset by a positive contribution from personal consumption expenditures. Imports, which are a subtraction in the calculation of GDP, increased. See the complete report at this link: USDOC-BEA |
29 May 2014
• U.S. Gross Domestic Product (Second Estimate) – Q1 2014
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment