From Yahoo News:
Economic growth: 4.1 percent
-- Consumer spending rose 3.2 percent.
-- Exports soared 20.5 percent while imports surged 16.4 percent.
-- Government spending and investment rose 0.7 percent, including a 3.0-percent rise in defense expenditure.
-- Final sales, a key measure of demand in the economy, advanced 3.4 percent.
-- Company profits leapt 7.2 percent to a seasonally adjusted annual rate of 1.21 trillion dollars.
For 2003 as a whole, corporate profits rose 18.3 percent to 1.07 trillion dollars.
In the past two weeks, government reports have shown a seasonally adjusted 5.8-percent surge in new home sales in February, a 0.6 percent rise in retail sales, fuelled by car-buying, and an unexpectedly big 2.5-percent jump in factory orders for durable goods -- long-lasting items such as cars or washing machines.
What's happening with the economy, 4th qtr...
The whole thread (13 posts)
- What's happening with the economy, 4th qtr...
- All true, but the job situation is still very bad. If it does not improve, Bush will lose the election. (n/t)
