Mexican Media Brands
U.S. Economy Expanded 1.1% in Second Quarter
Real gross domestic product in the U.S. grew by a downwardly revised 1.1% in the second quarter of 2016, according to the Dept. of Commerce’s Bureau of Economic Analysis.
#economics
Share
Real gross domestic product in the U.S. grew by a downwardly revised 1.1% in the second quarter of 2016, according to the Dept. of Commerce’s Bureau of Economic Analysis.
The bureau initially estimated annualized GDP growth for the period at 1.2%. Real GDP advanced 0.8% in the first quarter.
The downward adjustment reflects less spending by state and local governments, lower inventory investment and more imports. These factors offset upward adjustments in consumer spending and nonresidential fixed investment.
BEA says the consumer price index increased 2.0% in the second quarter compared to 0.3% in the first quarter. When volatile food and energy prices are excluded, the index grew 1.8% in April-June compared with 2.1% in the previous three months.
RELATED CONTENT
-
On Urban Transport, the Jeep Grand Wagoneer, Lamborghini and more
Why electric pods may be the future of urban transport, the amazing Jeep Grand Wagoneer, Lamborghini is a green pioneer, LMC on capacity utilization, an aluminum study gives the nod to. . .aluminum, and why McLaren is working with TUMI.
-
On Quantum Navigation, EVs, Auto Industry Sales and more
Sandia’s quantum navi, three things about EVs, transporting iron ore in an EV during the winter, going underwater in an EV (OK, it is a sub), state of the UK auto industry (sad), why the Big Three likes Big Vehicles, and the future of logistics.
-
VW Warns of Higher Costs to Develop EVs
CEO Herbert Diess says the €20 billion ($23 billion) Volkswagen AG has budgeted to electrify its entire vehicle lineup won’t be enough to meet that goal.