Trajan
conscientia mille testes
this seems to be the trend - last year, year before.....*shrugs* We seem, that is seem to get some momentum, ( as anemic as that is considering the condition we are in) then.....a slow slide back to low end mediocrity, a slight burst come latter half of Q3 and Q4...then....slow glide back to the doldrums...
Gross domestic product, the broadest measure of all the goods and services produced in an economy, grew at an inflation-adjusted annual rate of 2.2% in the first quarter of 2012, the Commerce Department said Friday. It was the agency's first reading of growth for the quarter.
The gain came in below expectations. Economists surveyed by Dow Jones Newswires had forecast first-quarter GDP would increase at a 2.6% rate. In the final three months of 2011, the economy grew at a 3.0% rate.
Commerce said the slowing expansion "primarily reflected a deceleration in private inventory investment and a downturn in nonresidential fixed investment," a category that includes spending on structures, computers and industrial equipment.
A build up in inventories helped drive the expansion at the end of 2011, accounting for more than half of the overall growth for the fourth quarter. In the first three months of this year, increased inventories contributed only about a quarter of the total gain in GDP.
Meanwhile, nonresidential fixed investment fell by 2.1% during the first quarter, compared to 5.2% gain in the prior period.
Government spending declined in the first quarter, falling by 3.0%. That comes after a 4.2% drop in public expenditures in the fourth quarter of 2012.
more at-
U.S. GDP Growth Slows - WSJ.com
Gross domestic product, the broadest measure of all the goods and services produced in an economy, grew at an inflation-adjusted annual rate of 2.2% in the first quarter of 2012, the Commerce Department said Friday. It was the agency's first reading of growth for the quarter.
The gain came in below expectations. Economists surveyed by Dow Jones Newswires had forecast first-quarter GDP would increase at a 2.6% rate. In the final three months of 2011, the economy grew at a 3.0% rate.
Commerce said the slowing expansion "primarily reflected a deceleration in private inventory investment and a downturn in nonresidential fixed investment," a category that includes spending on structures, computers and industrial equipment.
A build up in inventories helped drive the expansion at the end of 2011, accounting for more than half of the overall growth for the fourth quarter. In the first three months of this year, increased inventories contributed only about a quarter of the total gain in GDP.
Meanwhile, nonresidential fixed investment fell by 2.1% during the first quarter, compared to 5.2% gain in the prior period.
Government spending declined in the first quarter, falling by 3.0%. That comes after a 4.2% drop in public expenditures in the fourth quarter of 2012.
more at-
U.S. GDP Growth Slows - WSJ.com