79.9 F
Park Forest
Monday, August 8, 2022

Statement from U.S. Secretary of Commerce Penny Pritzker on the Advance Estimate of GDP in the Third Quarter of 2013

Washington, DC–(ENEWSPF)–November 7, 2013.

The U.S. Commerce Department’s Bureau of Economic Analysis today released its first estimate of gross domestic product (GDP) growth for the third quarter of 2013. Real GDP increased 2.8 percent at annual rate, an increase from a 2.5 percent annual growth rate from the previous quarter. This is higher than the expectations of market observers, most of whom were expecting a more modest 1.9 percent increase.

“Today’s advance estimate of real GDP shows that our economy continues to improve,” said U.S. Secretary of Commerce Penny Pritzker. “The economy grew at its fastest pace since the third quarter of 2012. However, a lot of work remains to build on that progress, and it is crucial that we avoid the manufactured crises that hurt the economy early in the fourth quarter. The U.S. Department of Commerce will continue our efforts to help American businesses grow and create jobs.”

Source: commerce.gov

 

Recent Articles

Stay Connected

3,827FansLike
1,276FollowersFollow
574SubscribersSubscribe

- Local Advertisements -

ENEWSPF NEWS ALERTS

Trending

Park Forest
heavy intensity rain
79.9 ° F
82.1 °
78.4 °
94 %
3.5mph
100 %
Mon
86 °
Tue
76 °
Wed
83 °
Thu
75 °
Fri
75 °

About Google Ads

The Google-supplied ads that appear on this website are not reviewed ahead of time and differ for each visitor. If anything offensive, inappropriate, or otherwise unwholesome appears, please notify us so we can take steps to block that specific advertiser. Email the URL or advertiser name to [email protected].