WASHINGTON (MarketWatch)
The U.S. economy grew 1.5% in the second quarter,
down from 2% in the prior period, as consumers and businesses spent at a slower
rate, according to a preliminary government estimate
Economists surveyed by
MarketWatch projected gross domestic product would rise by 1.3% Consumer
spending climbed 1.5% compared to a 2.4% increase in the first quarter
Business
investment in nonresidential structures rose by 5.3% vs. a 7.5% increase in the
first quarter
Inventory spending rose to an estimated $66.3 billion last
quarter after a $56.9 billion gain, the Commerce Department reported
Government
spending at all levels fell by a combined 1.4%
Exports rose 5.3% while imports
climbed 6.0%
Real final sales in the U.S., which exclude imports and
inventories, was halved to a 1.2% increase
Inflation as measured by the
consumer PCE index dropped to 1.6% from 2.4%
Excluding food and energy, the
index rose 1.8% compared to 1.9% in the first quarter
Real disposable income
rose 3.2% in quarter and the personal savings rate climbed to 4.0% Growth in
the first quarter was revised to 2.0% from 1.9% and the fourth quarter of 2011
was revised up to 4.1% from 3.0%
Welcome
The mathematician of the Complutense University of Madrid, José-Vidal Ruiz Varela, argues that Europe must raise its borrowing limit, leaving its deflationary policy.
Cortesía de Investing.com
Agenda Macro
Calendario económico en tiempo real proporcionado por Investing.com España.
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