Home
Global Supplier Directory
APPLIANCE Engineer
Supplier Solutions
APPLIANCE Line
Whitepaper Library
Calendar of Events
Association Locator
Contents Pages
Market Research
Subscription Center


 
Daily News

U.S. GDP Growth Better than Expected
Dec 28, 2012
 Printable format
 Email this Article
 Search

Real gross domestic product (GDP) was up 3.1% in the United States in the third quarter of 2012, according to the Commerce Department.

The GDP increase was larger than the 1.3% increase in the second quarter. It was also larger than had been expected: the growth rate was revised up 0.4% from its second estimate, which was released in November.

Commerce said inventory investment was the main driver of 3Q acceleration in real economic growth. Positive contributions came from increased nonfarm inventory investment, consumer spending for durable goods, and federal national defense spending as well as state and local government spending. Negatives drivers to real economic growth were lower consumer spending for services as well as a downturn in business investment, mainly from lower spending on equipment and software.

Commerce's Bureau of Economic Analysis revised its estimate of third quarter corporate profits: profits were up 2.4% percent at a quarterly rate. They rose 1.1% in the second quarter. However, this was driven by profits of financial corporations, which rose 17.5%; profits from nonfinancial corporations were down 1.3%. Profits from the rest of the world were down 1.9%.

Back to Daily News

 

Daily News

...........................................................

Nov 26, 2014: Hamilton Beach 3Q income down slightly

Nov 26, 2014: LG's sales of Inverter Linear Compressor refrigerators top 10 million

Nov 25, 2014: Robotics Exhibits Grow 25% at 2015 CES

Nov 25, 2014: Index shows HVAC/R contractors more positive than last year

Nov 25, 2014: Consumer Confidence Index Declines

More Daily News>>

RSS Feeds
.........................................................
Appliance Industry
Market Research

...........................................................

November 2014: U.S. Appliance Industry: Market Value, Life Expectancy & Replacement Picture 2014
October 2014: Portrait of the European Appliance Industry
September 2014: Appliance Industry Focus: HVAC
June 2014: Appliance Magazine Market Insight: April 2014




 
Contact Us | About Us | Subscriptions | Advertising | Home
UBM Canon © 2014  

Please visit these other UBM Canon sites

UBM Canon Corporate | Design News | Test & Measurement World | Packaging Digest | EDN | Qmed | Plastics Today | Powder Bulk Solids | Canon Trade Shows