Mexican Media Brands
U.S. Economic Growth Slows to 2%
Growth in U.S. real gross domestic product slowed to a downwardly revised 2.0% in the second quarter of 2019 from an annualized 3.1% in January-March, according to the Bureau of Economic Analysis.
#economics
Share
Growth in U.S. real gross domestic product slowed to a downwardly revised 2.0% in the second quarter of 2019 from an annualized 3.1% in January-March, according to the Bureau of Economic Analysis.
BEA’s initial second-quarter estimate was 2.1%. The bureau says more complete data revealed stronger consumer spending but weaker exports, private inventory investment, residential investment and spending by state and local governments.
In terms of current dollars, GDP climbed 4.6% in the second quarter from 3.9% in the first period, according to BEA. The bureau will issue final figures for second-quarter performance in late September.
RELATED CONTENT
-
On The German Auto Industry
A look at several things that are going on in the German auto industry—from new vehicles to stamping to building electric vehicles.
-
Mazda, CARB and PSA North America: Car Talk
The Center for Automotive Research (CAR) Management Briefing Seminars, an annual event, was held last week in Traverse City, Michigan.
-
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