Friday, June 25, 2010

BEA News: GDP and Corporate Profits, 1st Quarter 2010 (third 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 2.7 percent in the first quarter of 2010,(that is, from the fourth quarter to the first quarter), according to the "third" estimate released by the Bureau of Economic Analysis.
Also, profits from current production (corporate profits with inventory valuation and capital consumption adjustments) increased $116.9 billion in the first quarter, compared with an increase of $108.7 billion in the fourth quarter.
The full text of the release on BEA's Web site can be found at

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