MRO Magazine

U.S. industrial ecomony looking vibrant

Washington, DC -- Data released by the U.S. Bureau of Economic Analysis on August 28, 2003, has reaffirmed that the...


Industry

September 24, 2003
By MRO Magazine

Washington, DC — Data released by the U.S. Bureau of Economic Analysis on August 28, 2003, has reaffirmed that there is strength in the U.S. economy. A revised estimate for real GDP growth in the second quarter of 2003 is pegged at 3.1%, which is 0.7% higher than the previous estimate.

The underlying factors for acceleration in the real GDP growth remain unchanged — personal consumption expenditure, defense expenditure, and non-residential fixed investment.

With inflation being mute, interest rate unchanged, a rebound in the consumer confidence, and a steady growth in the leading indicators, the U.S. economy is all set to trace a new path, according to analysts at Frost & Sullivan in New York, N.Y.

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