October 30, 2003
Good news: The GDP Leaps
Good news: The GDP Leaps Ahead
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The article states that "[c]onsumers in the third quarter spent lavishly on big-ticket items, such as cars, boosting such spending by a whopping 26.9 percent rate. And, they also spent briskly on "nondurables" such as food and clothes, which grew at a 7.9 percent pace, the strongest showing since the first quarter of 1976."
Can't say I really bought any "big-ticket" items, but I'm glad someone was!
Posted by: Lawrenkm at
09:37 AM
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