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
-
Ford’s $42 Billion Cash Cow
F-Series pickups generate about 30% of the carmaker’s revenue. The tally is about twice as much as what McDonald’s pulls in.
-
On Global EV Sales, Lean and the Supply Chain & Dealing With Snow
The distribution of EVs and potential implications, why lean still matters even with supply chain issues, where there are the most industrial robots, a potential coming shortage that isn’t a microprocessor, mapping tech and obscured signs, and a look at the future
-
Tesla’s Losses Triple as Deliveries Rise
Tesla Motors Inc.’s third-quarter revenue rose 10% to $937 million, and deliveries of its electric cars jumped 49% to 11,600 units.