GDP increased by 2.2 percent in Q1
Real gross domestic product increased at an annual rate of 2.2 percent in the first quarter of 2018, according to the most recent estimate released by the Bureau of Economic Analysis.
In the fourth quarter of 2017, real GDP increased 2.9 percent.
Real gross domestic income increased 2.8 percent in the first quarter, compared with an increaseof 1.0 percent in the fourth quarter. The average of real GDP and real GDI, a supplemental measure of U.S. economic activity that equally weights GDP and GDI, increased 2.5 percent in the first quarter, compared with an increase of 2.0 percent in the fourth quarter.
The increase in real GDP in the first quarter reflected positive contributions from nonresidential fixed investment, personal consumption expenditures (PCE), exports, private inventory investment, federal government spending, and state and local government spending that were partly offset by a negative contribution from residential fixed investment.
INDUSTRIAL SUPPLY MAGAZINE
The March/April issue of Industrial Supply magazine features an in-depth cover story about Joyce Lansdale and Vallen. Plus, we're featuring articles by contributing writers Dirk Beveridge, Frank Hurtte, and David Kahle, as well as interviews with numerous product and distribution industry experts.
