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Economic Data (USA)

Friday, January 27, 2006

Gross Domestic Product (GDP) Advance Released Today for Q4 2005

U.S. Gross Domestic Product (GDP) numbers for Q4a of 2005 were released today:

Consensus: 2.8 %
Actual: 1.1 %

The above percentages represent the quarter-to-quarter change in the Gross Domestic Product for the United States. The "consensus" is what economists were expecting, while the "actual" is the actual or real figure.

The GDP is a very broad measure of economic activity for the entire United States, covering all sectors of the economy.

Economists weren't expecting the 13% drop in defense spending for the quarter.

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