Business situation.(economic conditions for the first quarter of 1997)

The US economy grew faster in the first quarter of 1997 than it had the previous quarter. Real gross domestic product (GDP) grew 5.9%, due to increased inventories, consumer spending and equipment expenditures. Investments in structures decreased, as did exports. Corporate profits in financial and n...

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Veröffentlicht in:Survey of Current Business 1997-07, Vol.77 (7), p.1
Hauptverfasser: Moran, Larry R, Larkins, Daniel
Format: Artikel
Sprache:eng
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Zusammenfassung:The US economy grew faster in the first quarter of 1997 than it had the previous quarter. Real gross domestic product (GDP) grew 5.9%, due to increased inventories, consumer spending and equipment expenditures. Investments in structures decreased, as did exports. Corporate profits in financial and non-financial sectors grew by $42.4 billion, after falling in the previous quarter.
ISSN:0039-6222
1937-4534