Preliminary 3Q CDP Shows 3,9% Growth

December 2004
Bond Buyer;12/1/2004, Vol. 350 Issue 32020, p2
Trade Publication
This article reports that real gross domestic product has accelerated at a 3.9% seasonally adjusted annual rate in the third quarter, according to preliminary figures released by the U.S. Commerce Department yesterday. Economists interviewed by IFR BondData America predicted a 3.7% rise in preliminary third quarter GDP. Meanwhile, the chain-type measure of gross domestic product registered a 1.3% increase in the preliminary figures unchanged from the advance estimate. The price index for gross domestic purchases, which measures prices paid by U.S. residents, increased 1.8% in the preliminary figures, the same as in the advance estimate, and followed a 3.5% increase the previous quarter. Excluding volatile food and energy prices, the price index for gross domestic purchases expanded 1.6% in the preliminary third quarter figures, compared to a 1.5% rise in the advance estimate and after growing 2.5% in the second quarter.


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