U.S. financial: U.S. first quarter GDP revised to 0.9% economic recession or bypass.

29, the U.S. government released data show that the improved trade balance and stronger business spending, from the original U.S. first quarter growth of 0.6% advance estimate was revised to 0.9%, indicating the initial U.S. estimate of economic growth is not so weak. .At the same time, two Fed policy makers warn that, in response to inflationary pressures, interest rates may be the necessary measures. . Although the United States in employment, production, sales and have clear terms of greatly reduced salary, but because of the support of foreign demand, U.S. companies with their own advanced .production technology is still in the world to expand, the dollar also contributed to the increase in commodity exports that the United States rely on the pillars of economic growth more widely. . international trade and business spending, stronger than expected . (http://finance.) 29, the U.S. Commerce Department reported first-quarter gross domestic product (GDP) revised data show that seasonally adjusted, GDP converted into .annual rate of 0.9%. .Higher than first estimated a month ago of 0.6%, in line with economists expectations. . GDP the largest share of consumer spending (about 70%) in the first quarter growth of 1.0%, without amendment, .not only increase of less than 2.3% in the fourth quarter of last year, marking the United States in 2001 the smallest increase since the last recession, is all worried about the U.S. economy will enter recession this time the biggest reason. . Ministry of Commerce, pointed out that the revised annual rate of growth was mainly attributable to the performance of international trade and business spending, stronger than originally anticipated, first quarter trade .estimated annual deficit was 480.2 billion U.S. dollars of new, write down the lowest since the third quarter of 2002, the contribution to the GDP growth rate 0.8 percentage points higher than the original estimates, a full 0.22 percentage points more than three times in the first quarter business spending less .increase the original estimate was revised to 2.5% to 0.2%. . 2008 first quarter United States increases and decreases in various economic projects project increase or decrease Residential fixed investment -25.5% < .P style = MARGIN-TOP: 0px; MARGIN-BOTTOM: 0px> consumer spending +1.0 .% services expenditure +3.0% durable goods spending -6.2% non-durables spending -0.3% Business Inventories (million U.S. dollars) -144 Real final sales of domestic product .Amount (GDP less change in private inventories) +0.7% Corporate Expenses -0.2% . construction investment +1.1 .% equipment and software spending +0.9% federal government spending +4.4% state and local government spending +0.6% export +2.8% import -2.6% personal .consumption expenditure price index +3.5% personal consumption expenditures price index (excluding food and energy) +2. .1% price index for gross domestic purchases +3.5% chain-weighted GDP price index +2.6% tab .: Star Globe and Mail either business inventories was revised, in the first quarter annualized growth of more than 1%. .Department of Commerce estimated in the first quarter of new business inventories decreased 14.4 billion (annual rate), rather than the original estimate of an increase of 18 billion U.S. dollars, the contribution to the GDP growth rate of 0.8 percent is also the original estimate was revised down 0.2 percentage points. . drag on economic growth in the property market is still the biggest culprits in the first quarter residential fixed investment in the United States (Housing construction) dropped 25.5%, less .Although the estimated rate of 26.7% compared to the original, but still higher than the 25.2% in the final quarter of last year. . indicators of inflation, personal consumption expenditures (PCE) price index rose 3.5% over the fourth quarter, with the original estimate of the equivalent .and 3.9% higher than the previous quarter, which excludes food and energy, core PCE price index growth rate quarter to 2.2% of the original estimate was revised to 2.1%. . to speak of the Federal Reserve to raise interest rates economic data released in the United States before the Reserve Bank of Dallas Federal Reserve president of Fisher-expected consumer price index increased sharply if the Fed will raise interest rates. .He said that the face of the weak economic situation, should be able to raise interest rates. . Earlier, Federal Reserve Bank of Minneapolis President Stern once said, the Fed should be appropriate and .to act in a timely manner. .Altoona, Wisconsin, he was a local business group, said: "maintain a low inflation rate and the inflation forecast is the key to timely decide to change our current policy." as the Fed's hawks, Stern called for giving more attention to inflation. .In the Federal Open Market Committee decided to lower the interest rate decision, three times voted against Stern. . Fisher and Stern are the 2008 Federal Open Market Committee members have voting rights. .In addition to their, the Fed this month, other officials have expressed concerns about inflation. . resisted to the credit crisis, the Fed last September to cut the federal funds have been seven times .interest rates were 3.25 per cent. .However, the latest Federal Reserve monetary policy meeting showed the government worried about inflation and expected interest rate cut the previous tax measures to help the economy rebound in the second half of the U.S. Federal Reserve officials may cut interest rates tend to be suspended. ..

U.S. financial

Wednesday, December 15, 2010

U.S. first quarter GDP revised to 0.9% economic recession or bypass.

No comments:

Post a Comment

Followers

About Me

Blog Archive

Analysis