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U.S. Economy Grows 3.2% in Q1, Smashing Expectations 

By: Beldin in POPE 5 | Recommend this post (1)
Fri, 26 Apr 19 6:39 PM | 65 view(s)
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http://www.breitbart.com/economy/2019/04/26/us-economy-grows-3-2-percent/

The U.S. economy grew at a 3.2 percent annual rate in the first three months of 2019 - beating Wall Street's expectations of 2.5 percent growth - according to the Bureau of Economic Analysis.

The advance in the gross domestic product, the broadest measure of economic health, marks an acceleration from a 2.2 percent gain in the previous October-December period. Disposable personal income saw a boost of 3 percent, while overall prices grew by 0.8 percent. In the first quarter, inventory rebuilding added 0.7 percentage point to growth, while a falling trade deficit boosted growth by a full percentage point. Consumer spending, which accounts for 70 percent of economic activity, slowed to growth at a rate of just 1.2 percent in the first quarter. In particular, spending on durable goods fell at a rate of 5.3 percent, the biggest decline in a decade, led by a sharp drop in light truck sales. ...




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