GDP increases 3.5% in 3rd quarter

The real U.S. GDP (gross domestic product), which represents the output of goods and services produced by labor and property located in the U.S., reversed the course it had taken in the last three financial quarters with 3.5% growth. This marked a significant change from decreases of 0.7% in Q2 2009, 6.1% in Q1 2009 and 6.3% in Q4 2008.

According to estimates from the Bureau of Economic Analysis, the increase in Q3 real GDP primarily reflected positive contributions from personal consumption expenditures, exports, private inventory investment, federal government spending, and residential fixed investment. Imports, which are a subtraction in the calculation of GDP, increased.

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About Arthur De Gennaro

My friends call me Art. Welcome to my blog. In this space you’ll find information and comments on the ophthalmology world, the optical industry, the hearing industry and medical practice management. My intent is to provide information you can use to improve your business and your own performance. Please visit often and feel free to join the discussions by leaving comments.

You can learn more about me and my consulting company, Arthur De Gennaro & Associates, LLC by visiting my web site www.adegennaro.com

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October 2009

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