Saturday, March 15, 2014

(Economic News) - The U.S. Commerce Department has cut down an estimated GDP growth in the quarter


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(Economic News) - The U.S. Commerce Department has cut down an estimated GDP growth in the quarter IV/2013, because toteutuneet asuntokaupat government spending fell sharply and consumer spending toteutuneet asuntokaupat not as much as originally estimated.
According to figures announced tonight 28/2 (Vietnam time) of the U.S. Department of Commerce, General Domestic Product - GDP (according to the year, adjusted to seasonal factors) of the United States grew only 2 , IV/2013 4% in the quarter, significantly lower than the first estimates by the U.S. Department of Commerce also announced earlier 3.2%.
The difference between the two estimates toteutuneet asuntokaupat of up to 0.8% analysts do not be surprised and even lower than the median forecast toteutuneet asuntokaupat of 2.6%. The decline toteutuneet asuntokaupat in growth in the final three months of 2013 was a big surprise, especially when the growth rate of GDP in the first quarter reached 4.1% each III/2013.
This decline can be explained primarily by consumer spending not as strong toteutuneet asuntokaupat as originally estimated. Consumption, the main driver toteutuneet asuntokaupat of the U.S. economy (about 70% of gross domestic product) growth last only IV/2013 toteutuneet asuntokaupat 2.6% in the quarter, down sharply from the 3.3% rate in the initial report . However, this figure is still higher than the economic data in the third quarter as consumer spending rose only 2%.
Growth in exports rose only 9.4% instead of 11.4% as first estimated. Similarly, imports toteutuneet asuntokaupat were revised up from 0.9% to 1.5%. Inventories toteutuneet asuntokaupat have increased in the fourth quarter, but speed is not high (117.4 billion U.S. dollars instead of 127.2 billion as previously reported)
In addition, sales of final goods and services (excluding inventories) toteutuneet asuntokaupat in the U.S. was revised down from 2.8% to 2.3%. Government spending fell 5.6% in the fourth quarter (compared toteutuneet asuntokaupat with the initial estimate only down 4.9%), spending by the federal government dropped 12.8% in the fourth quarter amid U.S. government closed to make room for the debate on the budget in October last year.
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