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U.S. GDP Unexpectedly Dips 0.3% In First Quarter
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20 dias atrás

(RTTNews) - The Commerce Department released a report on Wednesday showing the U.S. economy unexpectedly shrank in the first quarter of 2025.
The report said real gross domestic product fell by 0.3 percent in the first quarter after surging by 2.4 percent in the fourth quarter of 2024. Economists had expected GDP to rise by 0.4 percent.
The unexpected dip by GDP primarily reflected an increase in imports, which are a subtraction in the calculation of GDP.
A decrease in government spending also weighed on GDP, while increases in investment, consumer spending and exports helped limit the downside.
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4 dias atrás
U.S. Import, Export Prices Unexpectedly Inch Up 0.1% In April
The Labor Department released a report on Friday unexpectedly showing modest increases by U.S. import and export prices in the month of April.
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4 dias atrás
U.S. Housing Starts Rebound In April But Building Permits Pull Back Sharply
While the Commerce Department released a report on Friday showing a rebound by new residential construction in the U.S. in the month of April, the report also showed a substantial pullback by building permits during the month.
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U.S. Business Inventories Inch Up Slightly Less Than Expected In March
The Commerce Department released a report on Thursday showing a slight increase by U.S. business inventories in the month of March. The report said business inventories crept up by 0.1 percent in March after rising by 0.2 percent in February. Economists had expected business inventories to rise by another 0.2 percent.
RTTNews
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5 dias atrás