Thursday, December 21, 2006
Tweet[IWS] BEA: GDP & CORPORATE PROFITS: 3rd Qtr. (FINAL) [21 December 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: THIRD QUARTER 2006 (FINAL) [21 December 2006]
CORPORATE PROFITS: THIRD QUARTER 2006 (FINAL)
http://www.bea.gov/bea/newsrel/gdpnewsrelease.htm
or
http://www.bea.gov/bea/newsrelarchive/2006/gdp306f.pdf
[full-text, 16 pages]
or
http://www.bea.gov/bea/newsrelarchive/2006/gdp306f.xls
[spreadsheet]
and
Highlights
http://www.bea.gov/bea/newsrelarchive/2006/gdp306f_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 2.0 percent in the third quarter of 2006,
according to final estimates released by the Bureau of Economic Analysis. In the second quarter, real
GDP increased 2.6 percent.
The GDP estimates released today are based on more complete source data than were available for
the preliminary estimates issued last month. In the preliminary estimates, the increase in real GDP was
2.2 percent (see "Revisions" on page 3).
The increase in real GDP in the third quarter primarily reflected positive contributions from
personal consumption expenditures (PCE), exports, equipment and software, nonresidential structures,
and state and local government spending that were partly offset by a negative contribution from
residential fixed investment. Imports, which are a subtraction in the calculation of GDP, increased.
The deceleration in real GDP growth in the third quarter primarily reflected an acceleration in
imports, a larger decrease in residential fixed investment, and decelerations in PCE for services, in
private inventory investment, and in state and local government spending that were partly offset by
upturns in equipment and software, in PCE for durable goods, and in federal government spending.
Final sales of computers contributed 0.07 percentage point to the third-quarter growth in real GDP
after contributing 0.04 percentage point to the second-quarter growth. Motor vehicle output contributed
0.76 percentage point to the third-quarter growth in real GDP after subtracting 0.31 percentage point
from the second-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----------------- 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: THIRD QUARTER 2006 (FINAL) [21 December 2006]
CORPORATE PROFITS: THIRD QUARTER 2006 (FINAL)
http://www.bea.gov/bea/newsrel/gdpnewsrelease.htm
or
http://www.bea.gov/bea/newsrelarchive/2006/gdp306f.pdf
[full-text, 16 pages]
or
http://www.bea.gov/bea/newsrelarchive/2006/gdp306f.xls
[spreadsheet]
and
Highlights
http://www.bea.gov/bea/newsrelarchive/2006/gdp306f_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 2.0 percent in the third quarter of 2006,
according to final estimates released by the Bureau of Economic Analysis. In the second quarter, real
GDP increased 2.6 percent.
The GDP estimates released today are based on more complete source data than were available for
the preliminary estimates issued last month. In the preliminary estimates, the increase in real GDP was
2.2 percent (see "Revisions" on page 3).
The increase in real GDP in the third quarter primarily reflected positive contributions from
personal consumption expenditures (PCE), exports, equipment and software, nonresidential structures,
and state and local government spending that were partly offset by a negative contribution from
residential fixed investment. Imports, which are a subtraction in the calculation of GDP, increased.
The deceleration in real GDP growth in the third quarter primarily reflected an acceleration in
imports, a larger decrease in residential fixed investment, and decelerations in PCE for services, in
private inventory investment, and in state and local government spending that were partly offset by
upturns in equipment and software, in PCE for durable goods, and in federal government spending.
Final sales of computers contributed 0.07 percentage point to the third-quarter growth in real GDP
after contributing 0.04 percentage point to the second-quarter growth. Motor vehicle output contributed
0.76 percentage point to the third-quarter growth in real GDP after subtracting 0.31 percentage point
from the second-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 : 1:41 PM
