U.S. GDP revised down but still robust

Published: Sept. 27, 2007 at 10:48 AM
Order reprints
NEW YORK, Sept. 27 (UPI) -- U.S. gross domestic product rose at a revised but still-robust 3.8 percent annual rate April through June, the U.S. Commerce Department said Thursday.

The revised second quarter growth estimate dropped from a reported 4 percent increase but the 3.8 percent figure marked the strongest GDP increase since a 4.8 percent surge in first quarter of 2006, the department said in a release. GDP in the first three months of 2007 grew at a 0.6 percent rate.

The government's price index for personal consumption increased 4.3 percent during the first quarter, compared to the previously estimated 4.2 percent climb. The PCE price gauge excluding food and energy increased at 1.4 percent, above a previously estimated 1.3 advance.

The price index for gross domestic purchases, which measures prices paid by U.S. residents, increased an unrevised 3.8 percent.

Imports decreased in the second quarter but the drop was only 2.7 percent, instead of the earlier estimated 3.2 percent decline. The data showed U.S. exports rose by 7.5 percent instead of rising 7.6 as earlier reported.

.


© 2007 United Press International, Inc. All Rights Reserved.



UPI NewsTrack TopNews (3 min)
Sore neck sidelines Phelps at nationals (16 min)
Price, Bean tied on Champions Tour (19 min)
Czechs, Argentina tied 1-1 at Davis Cup (21 min)
U.S. seeks 'amnesty' for 2 journalists (26 min)
Working to end heart failure in children (32 min)
Admin. put off probe of Afghan killings (38 min)
fark
Photoshop these creepy earrings
Patronizing Tijuana hookers while on drugs may be unhealthy, according to Dr. N.S. Sherlock, of...
Defense lawyers request words like "polygamy,""cult" and "compound" not be used in their client's...
TSG Mugshot roundup: Twin billing
Barbie-Con visitors split on major issue: Are you allowed to open her box and play with it?
It's been 10 years since "The Blair Witch Project." Where were you when this crappy, one-joke, overhyped...