Real gross domestic product — the output of goods and services produced by labor and property in the U.S. – decreased at an annual rate of 3.8% in the fourth quarter of 2008, (that is, from the third quarter to the fourth quarter), according to advance estimates released by the Bureau of Economic Analysis. In the third quarter, real GDP decreased 0.5%.
The Bureau emphasized that the fourth-quarter advance estimates are based on source data that are incomplete or subject to further revision by the source agency. The fourth-quarter “preliminary” estimates, based on more comprehensive data, will be released on Feb. 27, 2009.
The decrease in real GDP in the fourth quarter primarily reflected negative contributions from exports, …
Advance Estimates: GDP Falls 3.8% in 4Q
Real gross domestic product — the output of goods and services produced by labor and property in the U.S. – decreased at an annual rate of 3.8% in the fourth quarter of 2008, (that is, from the third quarter to the fourth quarter), according to advance estimates released by the Bureau of Economic Analysis. In the third quarter, real GDP decreased 0.5%.
The Bureau emphasized that the fourth-quarter advance estimates are based on source data that are incomplete or subject to further revision by the source agency. The fourth-quarter “preliminary” estimates, based on more comprehensive data, will be released on Feb. 27, 2009.
The decrease in real GDP in the fourth quarter primarily reflected negative contributions from exports, …
Share this article
- Filed In: Economic Trends, Free, News, Research & Analytics, Subscriber Only
About the Author
Recommended Reading
Leave a Reply
Log In
Read the latest articles and see your reports.
Popular Now
MDM Directories
Sign Up for the MDM Update Newsletter
The MDM update newsletter is your best source for news and trends in the wholesale distribution industry.
