Current Events — HabitableZone

Current Events

What's happening with the economy, 4th qtr...

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.

http://www.bea.gov/briefrm/gdp.gif

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