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Strategies & Market Trends : Systems, Strategies and Resources for Trading Futures
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To: Nemer who wrote (31668)8/26/1999 8:47:00 AM
From: Chip McVickar  Read Replies (1) of 44573
 
Looks like an up morning
Good Report

Second-Quarter GDP Growth Slowest in a Year

Reuters

WASHINGTON (Aug. 26) - Rapidly swelling imports helped trim U.S. economic growth to its slowest pace in a year during the second quarter, the Commerce Department reported Thursday, though its key driving forces remained robust.

Gross domestic product, the broadest gauge of total economic activity, expanded at a revised 1.8 percent annual rate in the spring quarter instead of 2.3 percent as reported a month ago. That was less than half the first quarter's 4.3 percent pace of advance and was the slowest growth since a matching 1.8 percent rate in the second quarter last year.
Reut08:34 08-26-99
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