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. Economy Posts Small Growth in Q4
Jan 31, 2003
 Printable format
 Email this Article
 Search

Real gross domestic product -- the output of goods and services produced by labor and property located in the U.S. -- increased at an annual rate of 0.7 percent in the fourth quarter of 2002, according to advance estimates released by the Bureau of Economic Analysis on Thursday. In the third quarter, real GDP increased 4.0 percent.

The Bureau’s fourth-quarter "advance" estimates are based on source data that are incomplete and are subject to further revision by the source agency. The fourth-quarter "preliminary" estimates, based on more comprehensive data, will be released on Feb. 28, 2003.

The major contributors to the increase in real GDP in the fourth quarter were government spending, personal consumption expenditures (PCE), equipment and software, and residential fixed investment. The contributions of these components were partly offset by negative contributions from private inventory investment, from nonresidential structures, and from exports. Imports, which are a subtraction in the calculation of GDP, increased.

The deceleration in real GDP growth in the fourth quarter primarily reflected a sharp deceleration in PCE and downturns in private inventory investment and in exports that were partly offset by a smaller decrease in nonresidential structures and by accelerations in federal government spending and in residential fixed investment. Imports increased slightly more than in the third quarter.

Back to Daily News

 

Daily News

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

Apr 24, 2014: BSH Annual Revenue Tops EUR 10 Billion for First Time

Apr 24, 2014: New Home Sales Show Sharp March Drop

Apr 24, 2014: Ingersoll Rand HVAC Segment Reports Strong 1Q

Apr 24, 2014: ASHRAE 2014 Annual Conference Announced For Seattle

Apr 23, 2014: Bosch Home Appliances Garners EPA Energy Star Partner of the Year - Sustained Excellence Award

More Daily News>>

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

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

March 2014: Market Research - 62nd Annual U.S. Appliance Industry Forecast
February 2014: Appliance Magazine Market Insight: December 2013
January 2014: Market Research - Appliance Historical Statistical Review: 1954-2012
January 2014: Appliance Magazine Market Insight: November 2013




 
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 | Pharmalive | Plastics Today | Powder Bulk Solids | Canon Trade Shows