IWS Documented News DAILY POSTINGS

IWS Documented News Service

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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

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Gross Domestic Product, 3rd quarter 2012 (second estimate) [29 November 2012]

Corporate Profits, 3rd quarter 2012 (preliminary estimate)

http://www.bea.gov/newsreleases/national/gdp/2012/gdp3q12_2nd.htm

or

http://www.bea.gov/newsreleases/national/gdp/2012/pdf/gdp3q12_2nd.pdf

[full-text, 18 pages]

or

http://www.bea.gov/newsreleases/national/gdp/2012/xls/gdp3q12_2nd.xls

[spreadsheet]

and

Highlights

http://www.bea.gov/newsreleases/national/gdp/2012/pdf/gdp3q12_2nd_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 2.7 percent in the third quarter of 2012 (that

is, from the second quarter to the third quarter), according to the "second" estimate released by the

Bureau of Economic Analysis.  In the second quarter, real GDP increased 1.3 percent.

 

                The GDP estimate released today is based on more complete source data than were available for

the "advance" estimate issued last month.  In the advance estimate, the increase in real GDP was 2.0

percent (see "Revisions" on page 3).

 

      The increase in real GDP in the third quarter primarily reflected positive contributions from

personal consumption expenditures (PCE), private inventory investment, federal government spending,

residential fixed investment, and exports that were partly offset by negative contributions from

nonresidential fixed investment and state and local government spending.  Imports, which are a

subtraction in the calculation of GDP, increased slightly.

 

      The acceleration in real GDP in the third quarter primarily reflected upturns in private inventory

investment and in federal government spending, a deceleration in imports, an acceleration in residential

fixed investment, and a smaller decrease in state and local government spending that were partly offset

by a downturn in nonresidential fixed investment and decelerations in exports and in PCE.

 

AND MUCH MORE...including TABLES....

 

 

 

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