“REAL GROSS domestic product (GDP) increased 2.5 percent at an annual rate in the first quarter of 2013, according to the advance estimates of the national income and product accounts (NIPAs) (chart 1 and table 1). In the fourth quarter of 2012, real GDP increased 0.4 percent. The acceleration in real GDP in the first quarter primarily reflected an upturn in private inventory investment, an acceleration in consumer spending, an upturn in exports, and a smaller decrease in federal government spending that were partly offset by an upturn in imports and a deceleration in nonresidential fixed investment. more……..“
“GDP and the Economy – Advance Estimates for the First Quarter of 2013.” BEA.gov
May 20, 2013 by Michael Horsch Fizz
You must log in to post a comment.