Mexican Media Brands
U.S. Economy Expanded 2.4% Last Year
America’s gross domestic product expanded 2.4% last year, the same as in 2014, according to the U.S. Dept. of Commerce.
#economics
Share
America’s gross domestic product expanded 2.4% last year, the same as in 2014, according to the U.S. Dept. of Commerce.
GDP grew by an upwardly adjusted 1.4% from the third to fourth quarter. Last month the Commerce Dept. estimated the quarterly growth at 1%, compared with 2% from the second to third quarter. The department says the upward adjustment reflects stronger consumer spending, which accounts for about two-thirds of U.S. economic output.
Consumer spending climbed 3% in 2015, the biggest increase in a decade. Corporate profits also grew 3% last year, but they shrank 8% in the fourth quarter. Economists blame the impact of a strong dollar, rising wage pressures and low energy costs.
RELATED CONTENT
-
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
-
Porsche Doubles EV Target for 2025
Porsche AG says about half the vehicles it sells by 2025 will be equipped with hybrid or all-electric powertrains, twice the ratio it forecast four weeks ago.
-
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