Tag Archives: GDP

Consumer spending grew just 0.3 percent in April, up slightly from 0.2 percent in March, the Bureau of Economic Analysis reported Friday. Economists had expected spending to be up 0.3 percent. At the same time, personal income grew 0.2 percent in April, BEA said, compared with market expectations of a 0.

The U.S. economy grew at a disappointing 1.9 percent in the first quarter slower than the initially calculated 2.2 percent annualized rate, the Bureau of Economic Analysis reported Thursday. The BEA report was consistent with market expectations but emphasized a moribund economy.

Consumer spending grew just 0.3 percent in March, down from the 0.9 percent growth in February, the Bureau of Economic Analysis reported Monday. Economists had expected spending to be up 0.4 percent. At the same time, personal income grew 0.4 percent in March, BEA said, slightly faster than February's 0.3 percent growth and consensus expectation of 0.3 percent. Personal savings as a percentage of disposable (after tax) income edged up to 3.8 percent in March from 3.7 percent in February; it had been 4.3 percent in January.

The US economy grew at a disappointing 2.2 percent in the first quarter, the Bureau of Economic Analysis reported Friday, down from the 3.0 percent growth rate in the fourth quarter and below expectations. Economists had expected GDP to grow at 2.5 percent in the first quarter. In dollar terms, GDP increased $73.4 billion, most of which was an increase in personal consumption - $68.1 billion. A slowdown in government spending subtracted $19.0 billion, most of which was a $15.0 billion drop in federal spending in the first quarter from the fourth.

Consumer spending grew 0.8 percent in February, the Bureau of Economic Analysis reports. The latest numbers are fueling expectations for a stronger first-quarter economic surge than economists had forecast. Consumer spending grew faster than the 0.6 percent market consensus. However, personal income grew just 0.2 percent in February, which was half the growth rate expected by economists. In dollars, spending increased $86 billion in February while income grew $28.2 billion. Consumer spending represents about 70.6 percent of the nation's gross domestic product.

Real gross domestic product - the output of goods and services produced by labor and property located in the United States - increased at an annual rate of 3.0 percent in the fourth quarter of 2011, the Bureau of Economic Analysis reported Wednesday, unchanged from the estimate issued a month ago, consistent with market expectations.

Real gross domestic product - the output of goods and services produced by labor and property located in the United States - increased at an annual rate of 3 percent in the fourth quarter of 2011, the Bureau of Economic Analysis reported Wednesday. In its initial report on fourth quarter GDP, the BEA had said the nation's economy grew at a 2.8 percent pace. Economists had forecast no change in the ""advance"" GDP estimate issued last month.