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Positive Economic News
Great economic news courtesy of NeophytePundit:
- The GDP rose 3.9% at an annual rate in the third quarter compared to 3.3% in second quarter; expected: 3.7%.
- Consumer spending rose 5.1% following a 1.6% increase during the second quarter.
- Business fixed investment rose 12.9% following a 12.5% increase during the second quarter.
- Government spending rose 1.2% after increasing 2.2% in the second quarter.
- The trade deficit fell slightly to $588 billion from a previous estimate of $598 billion.
- The core PCE deflator rose only 0.7% (annual rate), the slowest since 1962.
"The rich rules over the poor, and the borrower becomes the lender’s slave" (Proverbs 22:7)
Posted by tim at November 30, 2004 3:53 PM
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