January 30, 2004

GDP, 4th Quarter of 2003

GDP for the fourth quarter of 2003 increased at an annual rate of 4% according the the BEA's advanced estimates.

The major contributors to the increase in real GDP in the fourth quarter were personal consumption expenditures (PCE), exports, equipment and software, inventory investment, and residential fixed investment. Imports, which are a subtraction in the calculation of GDP, increased.
Posted by Steve at January 30, 2004 10:31 AM
Comments

ABC radio news was describing this as "disappointing".

Posted by: Robert Crawford on February 1, 2004 08:45 AM

While it is "meager" compared to 8.2%, 8.2% is unsustainable. That is like being disappointed you didn't win the lotter after you won it the week before. What dopes.

Posted by: Steve on February 1, 2004 09:54 PM
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