
The U.S. economy grew at an annual rate of 2.5 percent in the second quarter of 2013, the Commerce Department said Thursday, confirming a previous estimate. In a revised estimate, the department's Bureau of Economic Analysis said corporate profits in the second quarter rose by $66.8 billion, not by $78.3 billion as estimated in a report released in late August. With new data available, however, the GDP estimate firmed, posting an improvement over the annual rate of the economy's quarter-to-quarter growth in the first quarter, which was 1.1 percent. For the third estimate of the second quarter, there were offsetting revisions that moved the second estimate up and down, then ended up where it started. Specifically, private inventory investment and export estimates were lowered while spending by state and local government's was revised higher. Personal spending rose 1.8 percent in the second quarter after rising 2.3 percent in the first. Spending on durable goods was up 6.2 percent after a 5.8 percent increase in the first quarter. Spending on non-durable goods, which outweighs durable goods purchases, rose 1.6 percent compared to 2.7 percent in the first quarter. Spending on services was more consistent, rising 1.2 percent after rising 1.5 percent in the first quarter.
GMT 17:19 2018 Thursday ,11 January
China factory gate inflation slows to 13-month lowGMT 17:50 2018 Wednesday ,10 January
German industrial output rebounds in NovemberGMT 17:39 2018 Wednesday ,10 January
Samsung tips record Q4 operating profit of more than $14 bnGMT 17:29 2018 Tuesday ,09 January
German industrial orders dip in NovemberGMT 15:36 2018 Thursday ,04 January
China factory activity accelerated in December: CaixinGMT 13:33 2018 Wednesday ,03 January
Turkey inflation rate eases but still stubbornly high in DecemberGMT 16:27 2018 Monday ,01 January
China manufacturing activity slows in DecemberGMT 17:36 2017 Sunday ,31 December
Spain to leave EU's deficit 'sin bin' next year: Rajoy
Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2025 ©
Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2025 ©
Send your comments
Your comment as a visitor