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
A record 131 economies around the globe reformed business regulation in 2008/09, according to the IFC–World Bank Doing Business 2010 report.
more »
The World Bank’s Board of Directors today approved a US$5 million grant to improve the quality of electricity services in Haiti and strengthen the financial and operational performance of Electricité d’Haïti, the public electricity utility.
more »
Firuza Ziyoeva, a 42-year old mother of five, lacks any sustainable income for her family – her husband is unable to work due to disabilities and their children are all young.
more »
The Managing Director of the International Monetary Fund (IMF), Mr. Dominique Strauss-Kahn, made the following statement today regarding Singapore’s commitment to increase fourfold its contribution to the Fund’s New Arrangements to Borrow (NAB) by US$1.5 billion, to a total of US$2 billion.
more »
Statistics Lithuania reports that, based on non-final data obtained from customs declarations and Intrastat reporting data, exports in I half-year 2009 made LTL 19 billion, while imports – LTL 21.2 billion.
more »
Since 7 September 2009 AB Bank SNORAS for residents and economy subjects begins to distribute a new savings product - certificates of deposits.
more »
“We are 53 diverse countries differently affected by the crisis, 1 billion people that cannot be ignored”. That was the stark message to Members of Parliament's Development Committee from Donald Kaberuka, the head of Africa's Development Bank at a hearing on 3 September in Brussels.
more »
The European Investment Bank has granted a EUR 450 million loan to AENA (Aeropuertos Españoles y Navegación Aérea) for upgrading and expanding Spain’s air traffic control facilities in order to optimise their overall efficiency and ensure that they comply with international regulations.
more »
Statistics Lithuania informs that in August 2009, against July, prices for total industrial production sold increased by 0.9 per cent.
more »
Despite signs the near two-year U.S. recession may be over - Americans are still finding it hard to get a job.
more »