Mexican Media Brands
U.S. Economic Growth Slows to 3.2% in Fourth Quarter
Real gross domestic product, which grew 4.1% in the U.S. from the second to third quarter of 2013, expanded by 3.2% in the fourth period, according to a preliminary estimate by the Bureau of Economic Analysis.
#economics
Share
Real gross domestic product, which grew 4.1% in the U.S. from the second to third quarter of 2013, expanded by 3.2% in the fourth period, according to a preliminary estimate by the Bureau of Economic Analysis.
BEA attributes the slower pace to easing rates of private inventory investment, residential fixed investment and federal, state and local government spending.
The price index for gross domestic purchases grew 1.2% in the fourth quarter of 2013 compared with 1.8% in the third period. When volatile food and energy prices are excluded, the price index was up 1.7% in the fourth quarter from 1.5% in the third.
RELATED CONTENT
-
Global Car Market to Shrink for 2-3 Years
Global sales of light vehicles will decline year on year through at least 2021, predicts LMC Automotive at its annual outlook conference outside Detroit, Mich.
-
On Headlights, Tesla's Autopilot, VW's Electric Activities and More
Seeing better when driving at night, understanding the limits of “Autopilot,” Volkswagen’s electric activities, and more.
-
On Lincoln-Shinola, Euro EV Sales, Engineered Carbon, and more
On a Lincoln-Shinola concept, Euro EV sales, engineered carbon for fuel cells, a thermal sensor for ADAS, battery analytics, and measuring vehicle performance in use with big data