Loading...
Loading...
latest-estimate-from-bureau-of-economic-analysis-shows-gdp-poses-challenges-to-ig-market
latest-estimate-from-bureau-of-economic-analysis-shows-gdp-poses-challenges-to-ig-market

Latest estimate from Bureau of Economic Analysis shows GDP poses challenges to IG market

0

The US Real gross domestic product (GDP) continued to just inch along, increasing 1.1% in the first quarter of 2016, according to the most recent estimate by the Bureau of Economic Analysis (June 28, 2016).

Whilst in the fourth quarter of 2015, real GDP increased 1.4%.

The first‐quarter increase in real GDP mainly reflected an increase in consumer spending on services, notably on healthcare and on housing and utilities. Consumer spending on nondurable goods also increased, but is of little consequence to the industrial gas (IG) industry. 

Consumer spending on durable goods declined, notably on motor vehicles and parts, signaling more challenges for IG in those sectors.  

... to continue reading you must be subscribed

Subscribe Today

Paywall Asset Header Graphic

To access hundreds of features, subscribe today! At a time when the world is forced to go digital more than ever before just to stay connected, discover the in-depth content our subscribers receive every month by subscribing to gasworld.

Please wait...