Friday, July 29, 2005

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[IWS] BEA: Gross Domestic Product 2nd Qtr (Advance) [29 July 2005]

IWS Documented News Service
_______________________________
Institute for Workplace Studies                   Professor Samuel B. Bacharach
School of Industrial & Labor Relations           Director, Institute for Workplace Studies
Cornell University
16 East 34th Street, 4th floor                    Stuart Basefsky
New York, NY 10016                        Director, IWS News Bureau
________________________________________________________________________

Gross Domestic Product 2nd Qtr (Advance)
NATIONAL INCOME AND PRODUCT ACCOUNTS
. SECOND QUARTER 2005 GDP (ADVANCE)
. REVISED ESTIMATES:  2002 THROUGH FIRST QUARTER 2005
http://www.bea.gov/bea/newsrelarchive/2005/gdp205a.htm
or
http://www.bea.gov/bea/newsrelarchive/2005/gdp205a.pdf
[full-text, 34 pages]
and Highlights
http://www.bea.gov/bea/newsrelarchive/2005/gdp205a_fax.pdf


  Real gross domestic product -- the output of goods and services produced by labor and property
located in the United States -- increased at an annual rate of 3.4 percent in the second quarter of 2005,
according to advance estimates released by the Bureau of Economic Analysis.  In the first quarter, real
GDP increased 3.8 percent.

    The Bureau emphasized that the second-quarter "advance" estimates are based on source data that
are incomplete or subject to further revision by the source agency (see the box on page 3).  The second-
quarter "preliminary" estimates, based on more comprehensive data, will be released on August 31,
2005.

AND MUCH MORE...including TABLES...

_____________________________
This information is provided to subscribers, friends, faculty, students and alumni of the School of Industrial & Labor Relations (ILR). It is a service of the Institute for Workplace Studies (IWS) in New York City. Stuart Basefsky is responsible for the selection of the contents which is intended to keep researchers, companies, workers, and governments aware of the latest information related to ILR disciplines as it becomes available for the purposes of research, understanding and debate. The content does not reflect the opinions or positions of Cornell University, the School of Industrial & Labor Relations, or that of Mr. Basefsky and should not be construed as such. The service is unique in that it provides the original source documentation, via links, behind the news and research of the day. Use of the information provided is unrestricted. However, it is requested that users acknowledge that the information was found via the IWS Documented News Service.

****************************************
Stuart Basefsky                   *
Director, IWS News Bureau                *
Institute for Workplace Studies *
Cornell/ILR School                        *
16 E. 34th Street, 4th Floor             *
New York, NY 10016                        *
                                            *
Telephone: (607) 255-2703                *
Fax: (607) 255-9641                       *
E-mail: smb6@cornell.edu                  *
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