Archive for the ‘Ing’ tag
Chicago Business Barometer Bounces into Growth, Prices at 28-Year High
The ISM-Chicago business barometer bounced into
growth mode in July following five months of slowdown. The growth was led
by advances in production and new orders, even as prices hit a 28-year
high and employment remained in contraction for the eighth straight
month.
GDP Rises 1.9% in Q2, Revisions Include Negative Quarter in Q4 2007
The advance U.S. GDP report came in lower than
expected for the second quarter of 2008, rising by 1.9% against
expectations of 2.3% growth, according to the Bureau of Economic Analysis
on Thursday. Revisions showed the U.S. economy shrank 0.2% in the fourth
quarter 2007.
The negative figure is the first decline in quarterly growth since Q3
2001.
Preview: Second Quarter GDP Expected to Post 2.3% Growth
The consensus forecast expects U.S. GDP growth to
come in quite a bit better than the two previous quarters, as exports
have surged on the weak dollar and the fiscal stimulus package has
provided a boost to consumption.
The advance Q2 GDP report is expected to show growth of 2.3% in
Thursday’s report from the Bureau of Economic Analysis, a significant
advance following 1.0% growth in Q1 and a dismal 0.6% rate in the final
quarter of 2007. However, forecasts are abnormally wide for the report,
ranging from 0.9% to 4.2%.