Preliminary 1Q GDP At 5.3% Annual Rate

Ackerman, Andrew
May 2006
Bond Buyer;5/26/2006, Vol. 356 Issue 32390, p2
Trade Publication
The article reports on the U.S. economy's financial performance during 2006. The U.S. Department of Commerce in a report on the economy's first-quarter performance in 2006 revealed that the U.S. economy's real gross domestic product grew to 5.3% at annual rate than the initially reported advance rate of 4.8%. It followed a moderate 1.7% rise in the fourth quarter of 2005, which was the most sluggish growth rate in three years. The preliminary figured reflected a sharp 20.5% rise in consumer spending on durable goods, particularly in the volatile autos category.


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