US economy grows by 3.2% in the first quarter, topping expectations

  
Via:  badfish-hd-h-u  •  3 months ago  •  11 comments

US economy grows by 3.2% in the first quarter, topping expectations

S E E D E D   C O N T E N T


  • First-quarter gross domestic product expanded by 3.2%, the Bureau of Economic Analysis said in its initial read of the economy for that period.
  • Economists polled by Dow Jones expected the U.S. economy increased by 2.5% in the first quarter.
  • Gross domestic product for the first quarter was the best start to a year since 2015.

The U.S. economy grew at a faster pace than expected in the first quarter and posted its best growth to start a year in four years.

First-quarter gross domestic product expanded by 3.2%, the Bureau of Economic Analysis said Friday in its initial read of the economy for that period. Economists polled by Dow Jones expected growth of 2.5%. It was the first time since 2015 that first-quarter GDP topped 3%.




“The upside beat was helped by net trade (exports jumped while imports contracted sharply) and inventories which combined contributed almost 170 bps of the rise,” wrote Peter Boockvar, chief investment officer at Bleakley Advisory Group. “Personal spending though, the biggest component was up just 1.2%, two tenths more than expected as an increase in spending on services and nondurable goods offset a decline in spending on durable goods.”

Exports rose 3.7% in the first quarter, while imports decreased by 3.7%. Economic growth also got a lift from strong investments in intellectual property products. Those investments expanded by 8.6%.

Disposable personal income increased by 3%, while prices increased by 1.3% when excluding food and energy. Overall prices climbed by 0.8% in the first quarter.

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†hε pε⊕pレε'š ƒïšh
1  seeder  †hε pε⊕pレε'š ƒïšh    3 months ago

I'm counting the seconds until Paul Krugman authors an article explaining how economic growth, low unemployment and rising wages are bad for the economy.

The demand for the American worker hasn't been better in my life time.  Wages are rising!!!!

When government moves out of the way the economy flourishes.

 
 
 
The Magic Eight Ball
1.1  The Magic Eight Ball  replied to  †hε pε⊕pレε'š ƒïšh @1    3 months ago
The demand for the American worker hasn't been better in my life time.

they have been holding our country back and slowing our economy down over our lifetimes on purpose. I have been watching this happen for over 30yrs. been "woke" to this since I was in my mid-twenties

the globalist have this economic plan of plus or minus one or two percent growth for all nations.

 

 
 
 
†hε pε⊕pレε'š ƒïšh
1.1.1  seeder  †hε pε⊕pレε'š ƒïšh  replied to  The Magic Eight Ball @1.1    3 months ago

The Obama administration's regulatory cronyism has been undone and the results are positive.

 
 
 
The Magic Eight Ball
1.1.2  The Magic Eight Ball  replied to  †hε pε⊕pレε'š ƒïšh @1.1.1    3 months ago

yepp, but it is not just obama, it has been going on much longer than that.

that last 4 presidents have all played their part also

  1. bush
  2. clinton
  3. bush 2
  4. obama

early on jfk tried to stop it - they killed him

then reagan tried to stop it - they shot him = he went soft after that.

now trump is taking a crack at them and looks like he might make a dent.

 

 

cheers )

 
 
 
†hε pε⊕pレε'š ƒïšh
1.1.3  seeder  †hε pε⊕pレε'š ƒïšh  replied to  The Magic Eight Ball @1.1.2    3 months ago

Meanwhile a group of Democrats running for president in 2020 are using Hugo Chavez's sales pitch for the socialist Utopian fantasy. 

 
 
 
The Magic Eight Ball
1.1.4  The Magic Eight Ball  replied to  †hε pε⊕pレε'š ƒïšh @1.1.3    3 months ago
are using Hugo Chavez's sales pitch for the socialist Utopian fantasy. 

the batschit crazy never suddenly get saner... just crazier.

and thank god for that :)

 
 
 
Sunshine
2  Sunshine    3 months ago

Yep, people are working, making and spending money, enjoying life while ignoring the doom and gloom Democrats.

 
 
 
JBB
3  JBB    3 months ago

Because our federal deficits grew by 77% in the first 4 months of 2019...

 
 
 
Greg Jones
3.1  Greg Jones  replied to  JBB @3    3 months ago

What's that got to do with gross domestic product?

 
 
 
†hε pε⊕pレε'š ƒïšh
3.1.1  seeder  †hε pε⊕pレε'š ƒïšh  replied to  Greg Jones @3.1    3 months ago

Nothing.

Economics isn't a strong suit for many here.

 
 
 
JBB
4  JBB    3 months ago

Deficits spending stimulates an economy. The gop opposed this for Dems.

 
 
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