GDP Nudged Up to 4.1 Percent (Q4 2003 changed)

[underpants]

http://story.news.yahoo.com/news?tmpl=story&cid=568&ncid=749&e=1&u=/nm/20040227/bs_nm/economy_gdp_dc

WASHINGTON (Reuters) - The U.S. economy grew a touch faster at the end of last year than first thought, but still notched only half of the third quarter's sizzling pace as consumer spending eased, the government said on Friday.

Despite the slowdown, the year closed with the strongest back-to-back quarters since the first half of 1984.

U.S. gross domestic product, a broad measure of the nation's economic health, rose at a 4.1 percent annual rate in the fourth quarter, just above the 4 percent gain initially reported a month ago, the Commerce Department (news - web sites) said.

[MaineDem]

1. This is so odd

I was watching Bloomberg this morning and I swear they said these revised numbers showed bad news. Doens't look it in the article.

I don't trust ANY of these numbers at all.

[papau]

5. Total year 2003 GDP growth is 3.1% - and the jobs are where?

:-)

[papau]

2. Durable Goods/Residential Construction/Retail&Food Service Sales all down

From the DOC site

Advance Report on Durable Goods (Jan)

Decrease 1.8%

New Residential Construction (Jan)
Decrease 7.9%


Advance Retail and Food Service Sales (Jan)
Decrease 0.3

[underpants]

3. What does this graph say to you?

_|_



Sorry (that wasn't directed at you)to me it looks like we are being given the finger. Congrats on 10K posts too.

[loftycity]

4. Given the finger..oh underpants that is great!!!