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Fourth Quarter 2009 GDP Rises to 5.9 Percent

Feb. 26, 2010 

The U.S. economy grew by a whopping 5.9 percent at the end of 2009 in a volatile turnaround after beginning the year down 6.4 percent. Manufacturing rebounded significantly, but consumer spending remains low. U.S. GDP is $14.46 trillion.

The U.S. gross domestic product (GDP), the total value of all goods and services, reached its highest point in over six years to end 2009 at 5.9 percent, according to the second GDP quarterly estimate released earlier today by the U.S. Commerce Department.

U.S. First Quarter GDP Declines 6.1 Percent, Consumer Spending Rises 2.2 Percent

April 29, 2009

The United States gross domestic product (GDP) declined for the third straight quarter for the first time since 1974-75.  U.S. GDP has declined 12.9 percent since the third quarter of 2008.

Real gross domestic product decreased at an annual rate of 6.1 percent in the first quarter of 2009, according to the advance estimate released earlier today by the U.S. Commerce Department.  GDP is the measure of all goods and services produced by labor and property located in the United States.  GDP declined 6.3 percent in the fourth quarter of last year. 

1st Quarter 2008 GDP Rises 0.9%

May 29, 2008 

Real gross domestic product (GDP) continues to stay in positive territory despite lower consumer sentiment and higher credit worries, however, a closer look at the numbers reveal potential trouble ahead. 

Driven largely by service exports and government spending, the U.S. gross domestic product increased at an annual rate of 0.9 percent in the first quarter of 2008, according to preliminary information released today from the U.S. Commerce Department.  The preliminary rate of growth surpassed the advance estimate by 0.3 percent.  The final figure, based on more complete data, will be released on June 26th. 

Fourth Quarter GDP Remains Positive at 0.6%

March 27, 2008

Real gross domestic product increases for the fourth consecutive quarter in 2007; the 25th consecutive quarter of growth. The U.S. economy has not receded since the third quarter of 2001.

Don't tell the banking industry and most of those on Wall Street, but the United States economy is still growing albeit at the slowest pace since the first quarter of 2007, according to the finalized figures released earlier this morning from the U.S. Commerce Department.

U.S. Trade Deficit Increases 9.1%

January 11, 2008, 9:30 am ET

The U.S. trade deficit in November increased to $63.1 billion, or 9.1%, from the $57.8 billion revised amount for October, according to information released today by the U.S. Commerce Department. The deficit in manufactured goods increased to $72.7 billion while the services surplus increased to $9.6 billion.

Third Quarter GDP Grows 4.9%

December 20, 2007 

Real gross domestic product increases for third consecutive quarter in 2007.

In spite of what you may be hearing, reading or feeling, the economy is growing, not receding, and at a rather brisk pace too based on the finalized figures released earlier today from the U.S. Commerce Department.