Business situation. (U.S. gross domestic product 1st qtr 1997) (includes related article on alternative measures of rates and returns)

From: Survey of Current Business | Date: June 1, 1997| Author: Moran, Larry R.; Larkins, Daniel; Morris, Ralph W.; Sieff, Deborah Y. | Copyright information

The US gross domestic product rose 5.8% in 1st qtr 1997, an increase largely due to the 3.8% rise in sales of domestic product and sales associated with inventory investment. Also increasing were sales in business equipment, residential investment and consumer and government spending, but exports decreased and imports increased during the quarter. Also, real personal consumption expenditures of durable and non-durable goods grew 5.7% from the preceding quarter.

According to the "pr...

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