Friday, November 30, 2012

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[IWS] BEA: GDP & CORPORATE PROFITS 3rd Qtr 2012 [29 November 2012]

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, 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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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.

 






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