Thursday, September 26, 2013

Nat'l GDP growth: 1st Q estimate: 1.1 percent, 2nd Q: 2.5

The U.S. Bureau of Economic Analysis (BEA) has issued the following news release today:

Real gross domestic product -- the output of goods and services produced by labor and property located in the United States -- increased at an annual rate of 2.5 percent in the second quarter of 2013 (that is, from the first quarter to the second quarter), according to the "third" estimate released by the Bureau of Economic Analysis.  In the first quarter, real GDP increased 1.1 percent.
The full text of the release on BEA's Web site can be found at