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
The European Investment Bank is providing a EUR 718 million strong support for rail transport, electricity distribution as well as energy efficiency and renewable energy in Turkey.
more »
The European Investment Bank (EIB) has approved a EUR 150 million loan for expanding the Port of Barcelona. EIB Vice-President Carlos da Silva Costa and the Chairman of the Barcelona Port Authority, Jordi Valls, signed the finance contract in Catalonia’s capital.
more »
The extent to which hedge funds should be regulated is one of the key issues facing MEPs on the Economic and Monetary Affairs Committee.
more »
The European Investment Bank (EIB) is lending CZK 2 billion (approx. EUR 73 million) to the Municipality of Plzen (West Bohemia) to implement priority urban regeneration schemes identified in the city’s 2004 Development Plan.
more »
High-speed rails, supporting indigenous people's rights, protecting nature and wildlife, student loan facilities, construction and refurbishment of hospitals and reduction of industrial pollution are just a few projects supported by the European Investment Bank.
more »
The European Commission has authorised, under EC Treaty state aid rules, €14.3 million of aid, which the Slovak authorities intend to grant to Volkswagen Slovakia, belonging to the Volkswagen AG, for the transformation of an existing plant in Bratislava.
more »
MEPs began acting on their new Lisbon Treaty power to co-decide fisheries policy with Member States on 1 December - the day the treaty took effect - with a Fisheries Committee indicative vote on three legislative proposals.
more »
With seasons’ holidays approaching DnB NORD Bankas will offer better cash exchange rates for Great Britain’s pounds, Swedish, Norwegian and Danish krones until 31st December.
more »
The European Investment Bank (EIB) today agreed to provide a EUR 40m loan to FirstRand Bank to promote energy efficiency and renewable energy projects across South Africa.
more »
The European Commission has today approved an application from Lithuania for assistance under the European Globalisation adjustment Fund (EGF).
more »