Friday, April 28, 2006
Tweet[IWS] BEA: GROSS DOMESTIC PRODUCT: FIRST QUARTER 2006 (ADVANCE) [28 April 2006]
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: FIRST QUARTER 2006 (ADVANCE) [28 April 2006]
http://www.bea.gov/bea/newsrelarchive/2006/gdp106a.htm
or
http://www.bea.gov/bea/newsrelarchive/2006/gdp106a.pdf
[full-text, 13 pages]
or
http://www.bea.gov/bea/newsrelarchive/2006/gdp106a.xls
[spreadsheet]
and
Highlights
http://www.bea.gov/bea/newsrelarchive/2006/gdp106a_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 4.8 percent in the first quarter of 2006,
according to advance estimates released by the Bureau of Economic Analysis. In the fourth quarter, real
GDP increased 1.7 percent.
The Bureau emphasized that the first-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 first-
quarter "preliminary" estimates, based on more comprehensive data, will be released on May 25, 2006.
The increase in real GDP in the first quarter primarily reflected positive contributions from
personal consumption expenditures (PCE), equipment and software, exports, and federal government
spending that were partly offset by a negative contribution from private inventory investment. Imports,
which are a subtraction in the calculation of GDP, increased.
The acceleration in real GDP growth in the first quarter primarily reflected an acceleration in PCE
for durable goods, an upturn in federal government spending, and accelerations in equipment and
software and in exports that were partly offset by a downturn in private inventory investment.
Final sales of computers contributed 0.11 percentage point to the first-quarter growth in real GDP
after contributing 0.33 percentage point to the fourth-quarter growth. Motor vehicle output subtracted
0.23 percentage point from the first-quarter growth in real GDP after subtracting 0.64 percentage point
from the fourth-quarter growth.
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 *
****************************************
_______________________________
Institute for Workplace Studies
School of Industrial & Labor Relations
Cornell University
16 East 34th Street, 4th floor
New York, NY 10016
________________________________________________________________________
GROSS DOMESTIC PRODUCT: FIRST QUARTER 2006 (ADVANCE) [28 April 2006]
http://www.bea.gov/bea/newsrelarchive/2006/gdp106a.htm
or
http://www.bea.gov/bea/newsrelarchive/2006/gdp106a.pdf
[full-text, 13 pages]
or
http://www.bea.gov/bea/newsrelarchive/2006/gdp106a.xls
[spreadsheet]
and
Highlights
http://www.bea.gov/bea/newsrelarchive/2006/gdp106a_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 4.8 percent in the first quarter of 2006,
according to advance estimates released by the Bureau of Economic Analysis. In the fourth quarter, real
GDP increased 1.7 percent.
The Bureau emphasized that the first-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 first-
quarter "preliminary" estimates, based on more comprehensive data, will be released on May 25, 2006.
The increase in real GDP in the first quarter primarily reflected positive contributions from
personal consumption expenditures (PCE), equipment and software, exports, and federal government
spending that were partly offset by a negative contribution from private inventory investment. Imports,
which are a subtraction in the calculation of GDP, increased.
The acceleration in real GDP growth in the first quarter primarily reflected an acceleration in PCE
for durable goods, an upturn in federal government spending, and accelerations in equipment and
software and in exports that were partly offset by a downturn in private inventory investment.
Final sales of computers contributed 0.11 percentage point to the first-quarter growth in real GDP
after contributing 0.33 percentage point to the fourth-quarter growth. Motor vehicle output subtracted
0.23 percentage point from the first-quarter growth in real GDP after subtracting 0.64 percentage point
from the fourth-quarter growth.
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
****************************************
# posted by SBasefsky : 8:36 AM
