Thursday, March 29, 2007

Forex News: 29.03.2007 US GDP in the forth quarter was above expectations

Final annual GDP in the USA in the forth quarter was 2.5%, while the adjusted reading and earlier estimates suggested 2.2%, the Ministry of Trade reported today.

GDP deflator, which reflects the inflation component of GDP, rose in the forth quarter by 1.6%, compared with 1.9% in the third quarter.

Exports rose in the forth quarter by 10.6%, compared with 6.8% in the preceding quarter. Imports fell by 2.6%, compared with 5.6% increase in the third quarter.

In 2006 the most substantial increase of GDP was in the first quarter (5.6%). In the second quarter GDP rose by 2.6%, in the third - by 2.0%. Over the whole year 2006 GDP rose by 3.3%, compared with 3.2% in 2005.


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