AccessMyLibrary provides FREE access to over 30 million articles from top publications available through your library.
Create a link to this page
Copy and paste this link tag into your Web page or blog:
Q2 GDP Rose 3.4% As U.S.' Prospects Are Getting Rosier; Down From Q1's 3.8% Gain; But final sales rise 5.8%; Midwest factories heat up and labor costs stay cool.(A)
Byline: KIRK SHINKLE
Early reports of solid second-quarter growth brightened the outlook for the U.S. economy Friday.
Amid a flurry of data, the Commerce Department said U.S. GDP rose at a healthy 3.4% annual rate in the second quarter alongside signs that inflation is still under control.
While growth slowed from a 3.8% gain in the first quarter, most of the dip came from businesses paring down heavy inventories.
The result was a windfall quarter for total sales of domestic products. They surged at a 5.8% rate. That's more than double the year-ago rate.
"With final demand running strong and inventories declining, we're coming into the third quarter with a lot of momentum," said Richard DeKaser, chief economist at National City Corp.
Robust sales and the prospect of some improvement in the trade deficit also make at least a slight upward revision to Friday's GDP number likely.
- UAE: GDP ROSE BY 17%.
- Newspaper article from: IPR Strategic Business Information Database January 16, 2006 700+ words
According to Al-Khaleej newspaper (January 15, 2006), the Emirates Industrial Bank reported that the value of the UAE's GDP rose to Dh 443 billion ($120.6 billion) in current prices in 2005, up from Dh 378 billion in 2004, a 17% growth.
- IRAN: GDP ROSE BY 4.8%.
- Newspaper article from: IPR Strategic Business Information Database December 25, 2005 700+ words
According to Al-KHALEEJ newspaper (December 22, 2005), the Central Bank of Iran announced that Iran's GDP rose by an average 4.8% in fixed terms in fiscal year 2004/2005 compared with an average 6.7% and 7.5% in the previous two fiscal years.
- SHAANXI GDP ROSE 11.8% IN H1
- News wire article from: AsiaInfo Services July 20, 2009 700+ words
AsiaInfo Services 07-20-2009 Shaanxi GDP Rose 11.8% in H1 XI'AN, Jul 20, 2009 (SinoCast Daily Business Beat via COMTEX) -- The GDP of Shaanxi Province in northwest...
- LEBANON: GDP ROSE BY 5%.(Brief Article)
- Newspaper article from: IPR Strategic Business Information Database April 13, 2005 700+ words
According to Assafir newspaper (April 12, 2005), a recently publicized report by the FRANSABANK, the oldest bank in Lebanon, shows that Lebanon's GDP rose by 5% last year compared with 3%in 2003, 2% in 2002 and 2% in 2001.
- EGYPT: GDP ROSE.(gross domestic product)(Brief Article)
- Newspaper article from: IPR Strategic Business Information Database February 28, 2005 700+ words
...newspaper (February 27, 2005), Mr. Othman Mohammed Othman, Minister of Planning, stated that the value of Egypt's GDP rose to EP 504 billion last fiscal year, up from EP 439 billion in the previous fiscal year. Egypt's economy is expected to...
- UAE: SHARJAH- GDP ROSE BY 11%.(Brief Article)
- Newspaper article from: IPR Strategic Business Information Database April 11, 2005 700+ words
...Shaikh Tariq bin Faisal Al Qasimi, Chairman of Sharjah Economic Development Department, said that the value of Sharjah's GDP rose by 11% in 2004 compared with the previous year. He added that the overall increase in economic activity has resulted in a...
- RUSSIA: RUSSIA'S GDP ROSE 4.2%.(gross domestic product)(Brief Article)
- Newspaper article from: IPR Strategic Business Information Database December 24, 2002 700+ words
Russia's gross domestic product (GDP) rose 4.2% in January-November, Russia's Deputy Economic Development and Trade Minister Arkady Dvorkovich reported yesterday...
- Most emerging economies continue to recover from last year's downturn. Mexico's...
- Magazine article from: The Economist (US) November 23, 2002 700+ words
Most emerging economies continue to recover from last year's downturn. Mexico's GDP rose by 1.8% in the year to the third quarter, pulled up on America's coat-tails. Taiwan's GDP jumped by 4.8% over the...
