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
EBRD to pay 4.6 billion roubles for 11.75 percent stake.
more »
On 24 November in London a letter of intent will be signed between Alytus Municipality and the Spanish aluminium company “Sopena group” regarding investments of the “Sopena group” in Alytus.
more »
Tourism opportunities in Dzūkija Region of Lithuania and other issues of incoming tourism promotion were the main topics of the meeting of the Mixed Intergovernmental Commission on Trade and Economic Cooperation between the People’s Republic of China and the Republic of Lithuania.
more »
On 22-23 November in Kiyv, foreign ministers of Lithuania, Ukraine and Belarus discuss trilateral cooperation and participation of Belarus and Ukraine in the Eastern Partnership of the European Union.
more »
The Kozloduy International Decommissioning Support Fund is supporting an innovative programme to boost energy savings and efficiency of public buildings in Bulgaria with a €5 million grant.
more »
Bank DnB NORD’s Economic Research Group predicts that out of the six Baltic Rim countries, moderate economic growth will be seen in Poland, Finland and, possibly Estonia in 2010, while Denmark, Lithuania and Latvia will need more time to climb out of recession.
more »
In a meeting in Brussels of the European Bank Coordination Initiative held on 19 November 2009, the parent banks of the six largest foreign banks active in Hungary reaffirmed their commitments made in May 2009 to support their subsidiaries.
more »
On 17 November 2009, the Board of AB Bank SNORAS decided to establish the bank’s representative office in London.
more »
The European Commission has approved, under EC Treaty state aid rules, two capital injections in favour of 'The Mortgage and Land Bank of Latvia' (LHZB).
more »
The government of G hana will tomorrow sign an historic agreement with the EU aimed at ensuring that only legally harvested timber from the West African country is exported to the EU market.
more »