Posted on 02/26/2016 6:40:57 AM PST by SeekAndFind
The U.S. economy unexpectedly expanded at a faster pace in the fourth quarter than initially estimated, reflecting a higher value of business inventories.
Gross domestic product, the value of all goods and services produced, grew at a 1% annualized rate, compared with an initial estimate of 0.7%, Commerce Department figures showed Feb. 26. The median forecast in a Bloomberg News survey called for a 0.4% gain.
Consumer spending was revised lower. Although the economy slowed in the fourth quarter from 2% in the previous three months, growth is projected to re-accelerate this year as consumers tap into the benefits of a strengthening job market and savings on gasoline to boost spending. With companies making less headway in adjusting stockpiles, one risk for the economy is further weakness in manufacturing and business investment.
(Excerpt) Read more at ttnews.com ...
Until next week when they quietly readjust the numbers.
Woohoo. Great headline for Obama! Faster paced growth! Wow...we hit 1%. Amazing results. Never seen before!
WHOA WHOOOOOOOOO
Cheap gasoline.
A talking head on bloomberg tv said that this was actually bad news because of how they calculated something with inventory. I guess the adjusted number should have been the same or lower, not higher.
So, we’re now cheering 1% growth?
Yellen needs to raise interest rates, right now!
I guess this explains why we’re all rich.
RE: So, we’re now cheering 1% growth?
If you’re hungry, even a little morsel should be cause for cheer.
The cheaper gas will make it more affordable for the thousands of people in Western North Dakota who just lost their jobs to travel to someplace else to look for work.
Transport Topics?
Our business is bulk Ag. The bottom fell out last quarter. Still slow Q1 2016
The numbers are always skewed to give the appearance all is well.
Bet’cha when broken down, a large percentage was healthcare spending.
Cheaper gas allows more spending for ‘bama care......
One mans ceiling is another mans floor.
1% is pathetic. This would be reported as an economic catastrophe if the incumbent president was a Republican.
So, we’re now cheering 1% growth?
**************
Yep, lowering the bar again.
1% OMG Who needs Trump now to better the economy! Obama has US on a Roll:-)
Gross domestic product, the value of all goods and services produced, grew at a 1% annualized rate,
While simultaneously running a BUDGET DEFICIT of at least 8% Annualized, we are doing GREAT, we only LOST 7%!!
Hold your horses,
It soon will be lowered as have all oba mmy’s rosey numbers
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