Gross Domestic Product Gdp Economic Statistics - amazonia.fiocruz.br

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Gross Domestic Product Gdp Economic Statistics Video

The U. Here were the main results in the report, compared to Bloomberg consensus data:. The soaring third-quarter growth had followed a record drop of Overall, GDP remained below pre-pandemic levels from the fourth quarter of For the full year, U.

GDP contracted at a 3. This marked the first contraction in economic activity sinceand the biggest drop since The biggest contributor to U. Retail sales dropped on a month-over-month basis in each of October, November and December largely as a result of declining services spending, though they remained higher year-over-year.

All told, personal consumption in the fourth quarter increased at an only 2. The housing market has been a notable standout, and residential fixed investment contributed 1. Heading into the report, both housing starts and existing home sales surged source their highest levels since in December, driven by demand for new homes while socially distancing and extremely low mortgage rates. Non-residential investment also contributed positively to GDP, led by a jump in spending on equipment. Meanwhile, trade dragged on GDP, with net exports subtracting 1.

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Consistent with the stronger recovery seen in the manufacturing sector relative to the services sector, goods exports far outpaced those of services. As always, the GDP report provided an only backwards-looking snapshot Griss the U. Until that time, risks remain skewed to the downside, especially in the service sector. Emily McCormick is a reporter for Yahoo Read more. December jobs report: Payrolls drop for the first time since April, unemployment rate steadies. What happened in the economy in These tech jobs may disappear in the face of automation. Find live stock market quotes and the latest business and finance news.]