US First Quarter GDP Growth Revised Down to 2 4 (updated) - sinhala forex trading education help

Senin, 25 April 2016

US First Quarter GDP Growth Revised Down to 2 4 (updated) ~ sinhala forex trading education help


United States of America Economy Grew 2.4% annual pace
US Commerce Department told on Thursday, 30th May, 2013 that US economy (Gross Domestic Products) grew 2.4% annual pace in the first quarter of 2013. The early prediction was 2.5% . But revised GDP growth came out as 2.4% . According to Government officials, Consumer spending was somewhat higher but business investment and Government outlays were revised down.

Consumer spending is the heart of US Economy. However , this Consumer spending is revised up 3.4% from 3.2%. That is the fastest Rates since last Two YearsYet business investment in commercial real estate fell sharply and companies did not increase inventories as much as previously believed. Inventories rose $38.3 billion instead of the previous estimate of $50.3 billion. Also, government spending fell by a revised 4.9% instead of 4.1%. In the trade category, export growth was revised down to 0.8% from 2.9% and import growth was reduced to 1.9% from 5.4%. Adjusted corporate profits, meanwhile, fell by $43.8 billion in the first quarter after a $45.4 billion increase in the fourth quarter. Inflation as measured by the PCE index was muted, rising just 1.0% overall or by 1.3% excluding food and energy. The GDP report will be refined through one further update next month.

Source:- Market Watch


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