The U.S. economy may have expanded at a 5 percent annual rate from October through December
Published:
30 January 2004 y., Friday
The U.S. economy may have expanded at a 5 percent annual rate from October through December as businesses boosted production to replenish inventories and invested more in new equipment, according to a survey of economists in advance of today's Commerce Department report.
Such a rise in gross domestic product, the value of all goods and services produced, would follow an 8.2 percent annual pace in the third quarter -- the strongest in two decades. The forecast is based on the median estimate of 69 economists in a Bloomberg News survey. The 6.6 percent average pace of growth in the second half of 2003 would be the strongest since the first six months of 1984.
Texas Instruments Inc. and Xilinx Inc. are among manufacturers accelerating assembly lines to replace depleted stocks after demand surged. Economic growth is broadening as corporate investment rises, housing construction surges and exports rise, suggesting the world's largest economy is becoming less dependent on consumer spending as its sole driver. The report is set for 8:30 a.m. in Washington.
Šaltinis:
Bloomberg
Copying, publishing, announcing any information from the News.lt portal without written permission of News.lt editorial office is prohibited.
The most popular articles
According to Spain's Minister of Industry, Tourism and Trade, Miguel Sebastián, currently chairing an Informal Energy Council today in Seville, the key to achieving a common EU energy market is to establish interconnections.
more »
Mr. Dominique Strauss-Kahn, Managing Director of the International Monetary Fund (IMF), announced today that the Fund will provide US$100 million very rapidly in emergency financing to Haiti to assist it in dealing with the aftermath of the massive and devastating earthquake that has hit the country.
more »
Mr. Dominique Strauss-Kahn, Managing Director of the International Monetary Fund (IMF), issued the following statement on Jamaica today.
more »
The Government of the Republic of Korea and the International Monetary Fund (IMF) announced today that they will jointly host a high-level international conference on Asia in Seoul, South Korea, during July 12-13, 2010.
more »
Mr. Dominique Strauss-Kahn, Managing Director of the International Monetary Fund (IMF), will travel to Tokyo and Hong Kong SAR, January 18−20, 2010.
more »
After lots were drawn, ten winners of Danske Bankas scholarships and one winner of an iPod shuffle player were established.
more »
The Meeting is convened on the initiative and by the resolution of the Management Board of the Bank.
more »
Today, Thursday, on the second and last day of their informal meeting in La Granja (Segovia), the ministers responsible for European Affairs will study the challenge of how to boost reflation through sustainable growth that generates new employment.
more »
How well-equipped are European companies to meet the challenges of global competition and the recent recession? The 2009 European Company Survey provides some clues.
more »
The European Commission decided today not to raise any objections to Finland's plan to support infrastructure investments in Vaasa regional airport.
more »