Consumer Spending Probably Paced Growth: U.S. Economy Preview


22/04/2012 10:08 AST  Bloomberg

The biggest gain in consumer spending in a year probably helped the U.S. economy keep expanding in the first quarter even as fuel costs climbed, economists said before a report this week.

Gross domestic product, the value of all goods and services the nation produced, rose at a 2.5 percent annual rate after advancing 3 percent in the previous three months, according to the median forecast of 72 economists surveyed by Bloomberg News before the Commerce Department’s April 27 release. Consumer purchases that account for about 70 percent of the economy climbed by the most since the end of 2010, the survey showed.

For more on this Click Here

Global News
2014 | 2013 | 2012 | 2011 | 2010 | 2009 | 2008 | 2007 | News Archive

JAN | FEB | MAR | APR | MAY | JUN | JUL | AUG | SEP | OCT | NOV
Most Viewed Companies
Ticker Price Volume
EMAAR 10 21,096,974
SPIMACO 44.7 498,396
SABIC 110.9 3,330,141
EEC 79.95
STC 74.34 806,321
SECO 16.95 1,874,457
ALKHODARI 73.09 5,371,776
Recent News

SEDCO Capital eyes $300m Europe real estate deal
Jeddah-based Islamic investment firm SEDCO Capital plans to arrange a club investment of up to $300 million in European real estate, and will soon distribute its Luxembourg fund range via two Europea

Riyadh: Number 10 in World Urban Transit Price Index
Riyadh is number 10 among the 60 most affordable cities in the world ranked in the Urban Transit Price Index. After a revealing poll showing that up to 25 percent of travelers change their usual mod

Czech-Saudi business forum to focus on new investment opportunities
One of the milestones in the development of trade relations between Saudi Arabia and the Czech Republic will be the upcoming Czech-Saudi business forum being held on Nov. 5 at the Zofín in Prague.

S. Korea seeks role in possible Saudi nuclear reactor project
Mohamed Al-Jasser, minister of economy and planning, said South Korea will be one of the countries to be invited to the Kingdom if Saudi Arabia pursues a project to build nuclear reactors, according

Saudi auto sales seen to slow down in 2H ’14
SAUDI Arabia’s auto market had a record first half sales this year, selling 412,921 vehicle during the first 6 months of 2014, representing a 5.7percent increase compared to the same period last year

GulfBase GCC Index
Search By
  • Company Symbol
  • Company Name
  • Mutual Fund Name
  • News Content
Send this page to a friend

Poll

Which of the following do you think is the best long-term investment?