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 Ended Well in 2003; Outlook Hopeful for 2004 Opening Quarter
Mar 30, 2004
 Printable format
 Email this Article
 Search

The United State's economic recovery ended 2003 on a good note, growing at a solid 4.1-percent annual rate, and is expected to do even better in the opening quarter of this year.

The latest reading on gross domestic product for the October-to-December quarter was the same as a previous estimate made a month ago, the U.S. Commerce Department has reported. That was consistent with economists' forecasts.

Gross Domestic Products (GDP) measures the value of all goods and services produced within the United States and is considered the most important barometer of the economy's health.

Economic growth in the current January-to-March quarter is expected to clock in at a rate of 4.5 percent, according to some analysts' forecasts.

Growth in the April-to-June quarter also should be around that pace, they said.

Tax refunds and other tax incentives should motivate consumers and businesses to spend and invest more -- energizing the economy in the first half of this year, economists said.

''I think we should have another couple of good quarters," said Mark Zandi, chief economist at Economy.com, an analysis firm. ''The only thing we can be hoping for now is some job growth." (Associated Press)

Back to Daily News

 

Daily News

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

Dec 22, 2014: DOE's Building Technologies Office releases Roadmap for Emerging HVAC Technologies

Dec 19, 2014: Whirlpool Corp. provides guidance for 2015

Dec 19, 2014: Panasonic to showcase built-in appliances at LivingKitchen 2015

Dec 19, 2014: New residential construction in November 2014

Dec 19, 2014: 2014 U.S. steel production up 0.7% from 2013

More Daily News>>

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

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

November 2014: Appliance Magazine Market Insight Annual Subscriptions
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




 
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