Tuesday, September 8, 2015

Economy shrank 1.2% in second quarter as weak consumption, exports hit GDP

08 September 2015

In inflation-adjusted terms, revised upward from preliminary data but confirming the first decline in three quarters amid weak consumption and exports, government data. Mounting inventories at manufacturers also contributed to the upward revision of GDP, or the total value of goods and services produced domestically. But this may not be a good sign.

Source

No comments:

Post a Comment