Thursday, May 27, 2010

BEA News: GDP and Corporate Profits, 1st Qtr 2010 (second estimate)

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 3.0 percent in the first quarter of 2010, (that is, from the fourth quarter to the first quarter), according to the "second" estimate released by the Bureau of Economic Analysis.
The full text of the release on BEA's Web site can be found at http://www.bea.gov/newsreleases/national/gdp/gdpnewsrelease.htm. 


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