Tuesday, December 23, 2014

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[IWS] BEA: GDP & CORPORATE PROFITS 3rd Qtr 2014 (Third Estimate) [23 December 2014]

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

________________________________________________________________________

This service is supported, in part, by donations. Please consider making a donation by following the instructions at http://www.ilr.cornell.edu/iws/news-bureau/support.html

 

National Income and Product Accounts

Gross Domestic Product: Third Quarter 2014 (Third Estimate)

Corporate Profits: Third Quarter 2014 (Revised Estimate) [23 December 2014]

http://www.bea.gov/newsreleases/national/gdp/gdpnewsrelease.htm

or

http://www.bea.gov/newsreleases/national/gdp/2014/pdf/gdp3q14_3rd.pdf

[full-text, 19 pages]

or

http://www.bea.gov/newsreleases/national/gdp/2014/xls/gdp3q14_3rd.xls

[spreadsheet]

and

Highlights

http://www.bea.gov/newsreleases/national/gdp/2014/pdf/gdp3q14_3rd_fax.pdf

 

 

Real gross domestic product -- the value of the production of goods and services in the United

States, adjusted for price changes -- increased at an annual rate of 5.0 percent in the third quarter of

2014, according to the "third" estimate released by the Bureau of Economic Analysis.  In the second

quarter, real GDP increased 4.6 percent.

 

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

the "second" estimate issued last month.  In the second estimate, the increase in real GDP was 3.9

percent.  With the third estimate for the third quarter, both personal consumption expenditures (PCE)

and nonresidential fixed investment increased more than previously estimated (see "Revisions" on page

3).

 

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

PCE, nonresidential fixed investment, federal government spending, exports, state and local government

spending, and residential fixed investment. Imports, which are a subtraction in the calculation of GDP,

decreased.

 

      The acceleration in the percent change in real GDP reflected a downturn in imports, an upturn in

federal government spending, and an acceleration in PCE that were partly offset by a downturn in

private inventory investment and decelerations in exports, in state and local government spending, in

residential fixed investment, and in nonresidential fixed investment.

 

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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