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Economy

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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