US GDP report indicates improving economy
The US gross domestic product rose at a better than expected 3.4% annual rate in the Q2, the Commerce Department said Friday.
The report indicated an improving economy as the housing drag lessened and exports grew, The Wall Street Journal said. It also drew praise from US President George Bush, who Friday hailed the “large, flexible and resilient” US economy. Inflation gauges were mixed. The government’s price index for personal consumption surged 4.3% after rising 3.5% in the Q1. But the PCE price gauge excluding food and energy rose 1.4% after climbing 2.4% in the Q1. Consumer purchases of durable goods were reported up 1.6% in the Q2. Durable goods are expensive items designed to last at least three years. (monstersandcritics.com)
SUPPORT THE BUDAPEST BUSINESS JOURNAL
Newspaper organizations across the globe have struggled to find a business model that allows them to continue to excel, without compromising their ability to perform. Most recently, some have experimented with the idea of involving their most important stakeholders, their readers.
We would like to offer that same opportunity to our readers. We would like to invite you to help us deliver the quality business journalism you require. Hit our Support the BBJ button and you can choose the how much and how often you send us your contributions.