08142020Fri
Last updateFri, 14 Aug 2020 6pm

Manufacturing & The Economy

U.S. GDP Increases 2.1% for Second Straight Quarter

Real GDP in the U.S. increased at an annual rate of 2.1% in the fourth quarter of 2019, according to the advance estimate released by the Department of Commerce. In the third quarter, real GDP also increased 2.1%.

In the fourth quarter, a downturn in imports, an acceleration in government spending, and a smaller decrease in nonresidential investment were offset by a larger decrease in private inventory investment and a slowdown in personal consumption expenditures.

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