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
2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 | 2008 | News Archive
Most Viewed Companies
Ticker Price Volume
SAGRINSURANCE 33.63 3,598,493
RIBL 18 1,990,062
ALKHODARI 31.58 497,761
ALMARAI 91.27 190,099
ACIG 40.44 1,207,759
SABIC 103.86 5,301,034
SPIMACO 48.15 1,048,338
Recent News

Prince Alwaleed urged to boost Uganda investments
Prince Alwaleed bin Talal, chairman of Kingdom Holding Company (KHC), received at his office in Riyadh, Rashid Ssemuddu, Ugandan Ambassador to Saudi Arabia.

The meeting was also attended b

GCC investments in key areas continue even with weak oil
Despite a projected slowdown in the GCC’s construction market, investments in key areas must press ahead to alleviate the fall in oil prices, MEED’s Construction Leadership Summit has been told.

UN says Jeddah a growing economic city
The UN Human Settlements Program considers Jeddah a growing economic city due to its swift but sustainable development, Al-Hayat reported.

The Urban Observatory held a meeting on Tuesday w

Plenty of opportunities for Saudi investors in UAE
Businessmen from the UAE unfolded a package of opportunities for Saudi investors at a seminar held in Riyadh.

“There are plenty of opportunities for Saudi investors in viable ventures in t

Saudi Diesel launches eco-friendly generators
Saudi Arabia was chosen as a center for the launch of Doosan electric generators by "Saudi Diesel" with a capacity of 50 kilowatts up to 750 kilowatts. This is the product of many years of research a

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?