Posted on Friday, October 28, 2016 12:05 PM By Jeff Leieritz
WASHINGTON, D.C., Oct. 28—Real gross domestic product (GDP) expanded 2.9 percent on a seasonally adjusted annualized rate during the third quarter of 2016, according to an analysis of Bureau of Economic Analysis data released today by Associated Builders and Contractors (ABC). This follows a 1.4 percent increase during the second quarter and represents the tenth consecutive quarter of economic expansion.
Posted on Thursday, October 29, 2015 12:25 PM By Jeff Leieritz
WASHINGTON, D.C.—In a sign of continued recovery for the U.S. economy, both real gross domestic product (GDP) and nonresidential fixed investment expanded during the third quarter, according to an analysis by Associated Builders and Contractors (ABC) of today’s release from the Bureau of Economic Analysis. GDP expanded 1.5 percent (seasonally adjusted annual rate) during the third quarter while nonresidential fixed investment expanded by 2.1 percent during that period, both
building on positive results from the previous quarter.
Posted on Wednesday, April 29, 2015 11:25 AM By Jeff Leieritz
Nonresidential fixed investment fell 3.4 percent in the first quarter of 2015, after expanding 4.7 percent in the fourth quarter of 2014, according to the April 29 gross domestic product (GDP) report by the Bureau of Economic Analysis. Real GDP expanded just 0.2 percent, on a seasonally adjusted annualized rate, during the first quarter, following a 2.2 percent increase during the final quarter of 2014.