Thursday, September 28, 2006

us gdp daten

alles in allem ein grund zum feiern und sich die dow 12.000 mützen aufzusetzen, oder?
http://immobilienblasen.blogspot.com/2006/09/party-like-its-1999-reality-check.html

U.S. Q2 GDP DOWNWARD REVISION DUE TO INVENTORY, TRADE
U.S. Q2 CORPORATE PROFITS UP REVISED 1.4% VS 3.2% PREV EST
U.S. Q2 CORE PCE PRICE INDEX REVISED TO 2.7% VS 2.8%
U.S. Q2 GDP BELOW 2.9% FORECAST
U.S. Q2 GDP UP 2.6% VS 2.9% PREV EST

WASHINGTON (MarketWatch) - Second quarter U.S. growth increased at a 2.6% rate, slightly lower than previous estimates of a 2.9% growth rate, the Commerce Department said Thursday.

Economic growth has averaged a 3.6% rate over the past four quarters. The economy expanded at a 5.6% rate in the first quarter. (minicrash)

The revisions to second-quarter GDP were largely due to lower inventory investment and a worsening trade balance.Final sales of domestic product increased 2.1%, down from 2.3% in the previous estimate.

As in the previous estimates of second-quarter gross domestic product, consumer spending was the main engine of growth, rising at a 2.6% annual pace. But this is down from an increase of 4.8% in the first quarter. (fast ne halbierung und der trend dürfte sich trotz der sinkenden benzinpreise nicht umkehren lassen)

There were signs of a weaker economy. Spending on software and equipment fell 1.4%, the biggest drop since the fourth quarter of 2002. (wo bleiben bloß die firmen die ja voll mit cash sitzen und den rückgang beim konsumenten auffangen sollen?)

And residential investment, reflecting the slumping housing market, fell 11.1%, the largest decline in 11 years.

Inflation

Key inflation data were revised marginally lower. The core inflation measure, closely watched by the Federal Reserve, rose 2.7% in the second quarter, down from 2.8% reported earlier. The year-over-year change was revised down to 2.2% from the previous estimate of 2.3%. This is still above the Fed’s comfort zone of 1% to 2%. (und die rate abseits von "core")

Profits

Corporate profits were revised lower to an increase of 1.4%, compared with the previous estimate of a 3.2% increase. This is the smallest gain in quarterly profits since the third quarter of 2005. In the past year, before-tax profits are up 18.5%

jan-martin

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