Rising Exports Offset Housing Decline in GDP Numbers

August 2008
Metal Center News;Aug2008, Vol. 48 Issue 9, p54
Trade Publication
The article reports on the claim by David Huether, chief economists of the National Association of Manufacturers, that the 1.9 percent increase in gross domestic product in the second quarter of 2008 is driven by rising exports of manufactured goods in the U.S. The Commerce Department said that residential investment continued to decrease by 15.6 percent. Huether concluded that the figures highlight the need for the country to lessen its dependence on foreign sources of energy.


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