October 30, 2003

Good news: The GDP Leaps

Good news: The GDP Leaps Ahead

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 | No Comments | Add Comment
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