US Economy lowers in Q1

GDP in the US decreased at an annual rate of 0.7 percent during the first quarter of 2015, according to the second estimate released by the Bureau of Economic Analysis. In the fourth quarter, real GDP increased 2.2 percent. The GDP estimate is based on more complete source data than were available for the advance estimate issued last month.
In the advance estimate, real GDP increased 0.2 percent. With the second estimate for the first quarter, imports increased more and private inventory investment increased less than previously estimated. The decrease in real GDP in the first quarter primarily reflected negative contributions from exports, non-residential fixed investment, and state and local government spending.

Previous articleRotork’s spur gearboxes
Next articleDTS for New York town includes valves
Heat Exchanger World is a leading international magazine covering all aspects of the product supply chain of heat exchangers. Heat Exchanger World is part of the KCI Group of Companies. We are a leading knowledge, communication and information company connecting business-to-business professionals by building and sustaining global communities, solving their information needs and helping them to develop their professional life and friendships.