U.S. GDP in Second Quarter Was 3.3 Percent
Posted on: Thursday, 29 September 2005, 12:00 CDT
The U.S. gross domestic product in the second quarter rose 3.3 percent, the Commerce Department reported Thursday.
That figure compares with first quarter GDP growth of 3.8 percent.
The major contributors to the increase in real GDP in the second quarter were personal consumption expenditures, exports, equipment and software, residential fixed investment and government spending.
GDP measures the financial value of goods and services produced by labor and property.
Source: United Press International
Related Articles
- Chinese GDP up sharply
- Rising Water Shortages Spark Demand for Water Recycling and Desalination in Australia, Says Frost & Sullivan
- Japan's first quarter decline a record
- European Indexes Post Gains
- U.S. GDP Up 1.6 Percent in 4Q of 2005
- Healthy 3rd-Quarter GDP Soothes Economists
- Stocks Climb on Slight Rise in GDP Growth
- Stocks Seen Opening Flat to Higher
- Economic Growth Report Pulls Dow Down 38
Rating: 2.9 / 5 (13 votes)
 |
 |
Rate this article:
User Comments (0)
RSS Feeds