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Gross Domestic Product

BUSINESS
March 31, 2005 | From Reuters
The U.S. economy ended 2004 with brisk momentum on the strongest surge in corporate profits in three years, the government reported Wednesday, but upward pressure on prices appeared to be growing. Gross domestic product, the measure of total output within U.S. borders, grew at a 3.8% annual pace in the fourth quarter, the same as estimated a month ago, the Commerce Department said in a final estimate of GDP performance.
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BUSINESS
March 14, 2005 | Don Lee, Times Staff Writer
On a gray Friday morning in February, Liu Min quietly went up to the ninth floor of an atrium building here, climbed over a 4-foot railing and plunged to his death onto the marble floor below. The suicide might have drawn little attention, especially in one of China's poorer provinces, except that it happened in Bengbu's municipal government building and that the dead man was chief of the city's statistics bureau.
BUSINESS
February 26, 2005 | From Associated Press
The economy clocked in at a 3.8% pace in the final quarter of 2004 -- faster than initially thought -- and some analysts said it was cruising at that speed or better in the current quarter. In the newest reading on the economy's fitness, the gross domestic product exceeded a previous estimate of a 3.1% annual growth rate for the October-to-December quarter, the Commerce Department reported Friday. GDP measures the value of all goods and services produced within the United States.
BUSINESS
January 29, 2005 | Joel Havemann, Times Staff Writer
U.S. economic growth, hobbled by lower demand for American goods and services overseas, sagged to an annual rate of 3.1% in the fourth quarter of last year, the government reported Friday. It was the lowest growth rate since the first three months of 2003, the Commerce Department said. Growth in the third quarter was 4%. For all of 2004, however, the department's Bureau of Economic Analysis found that gross domestic product -- the broadest measure of the nation's economic output -- grew by 4.
BUSINESS
December 1, 2004 | From Associated Press
Splurging shoppers helped the economy hum along faster than first thought in the third quarter, but high energy prices could weigh on consumers in the months ahead. Gross domestic product -- the value of goods and services produced within the U.S. -- increased at an annual rate of 3.9% in the July-to-September quarter, the Commerce Department reported Tuesday. "I think the economy has found its groove," said Mark Zandi, chief economist at Economy.com.
BUSINESS
August 28, 2004 | From Reuters
U.S. economic growth slowed more sharply in the second quarter than first thought as oil prices rose and the trade gap swelled, the government said Friday. U.S. gross domestic product, which measures total output within the nation's borders, expanded at a 2.8% annual rate in the second quarter to $10.8 trillion, down from the 3% pace estimated last month by the Commerce Department. The downward revision marked a sharp slowdown from the first quarter's 4.
BUSINESS
August 18, 2004 | From Bloomberg News
Mexico's economy grew in the second quarter at its fastest pace since 2000 on resurgent demand from the U.S. for the country's electronics, oil and metals. Mexican gross domestic product, the broadest measure of output of goods and services, grew 3.9% from the same period last year after expanding 3.7% the previous quarter, the Finance Ministry said Tuesday. Mexico's economy expanded 1.2% from the first quarter in seasonally adjusted terms, the ministry said.
BUSINESS
December 11, 2003 | From Associated Press
The longest economic expansion in U.S. history faltered so much in the summer of 2000 that business output actually contracted for one quarter, the government said Wednesday in releasing a comprehensive revision of the gross domestic product. Based on new data, the Commerce Department said that the GDP -- the value of the country's total output of goods and services -- shrank at an annual rate of 0.5% in the third quarter of 2000.
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