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Dec. 15, 2009 at 9:02am Government confirms Q3 up-tickReal Gross Domestic Product (GDP) increased 2.8 percent at an annual rate in the third quarter of 2009, according to the "second" estimates of the national income and product accounts. In the second quarter, real GDP decreased 0.7 percent. The upturn in real GDP primarily reflected upturns in consumer spending, inventory investment, exports and residential fixed investment and a smaller decrease in nonresidential fixed investment. In contrast, imports turned up, state and local government spending turned down, and federal government spending decelerated. Prices of goods and services purchased by U.S. residents increased 1.4 percent in the third quarter. Real disposable personal income decreased 1.5 percent in the third quarter. You can read the full report with statistics in surprisingly understandable format to support it at this Web site, published by the federal Bureau of Economic Analysis. Plenty more in the Archives The comments function of the Business Examiner community is meant to encourage conversations and spark ideas about business issues in the South Sound. The feature is free and open to members of the public who register basic log in information. Comments should be concise, on topic and avoid attacks, profanity or abusive language or content. Comments that are deemed to violate this policy will be removed. |