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May 27, 2004
Growth Stronger than First Thought
First Quarter growth was even stronger than first reported.
Here are some of the highlights:
* "First quarter GDP growth was revised up to a 4.4 percent annualized rate, from the earlier reported 4.2 percent rate. Investment, exports, and state and local spending turned out higher than initially estimated.
* "Growth was broad based across industrial sectors in the first quarter of this year, though there was slight weakness in business structures, state and local spending, and durables.
* "Corporate profits continued to show gains. Profits with inventory valuation adjustments and adjustments to account for depreciation were up 31.6 percent over the year.
The full report can be found here.
Posted May 27, 2004 10:50 PM
at Belmont University in Nashville, Tennessee. He consults with a variety of businesses on start-up and growth related issues, and with larger corporations on re-establishing entrepreneurial cultures within their organizations. Dr. Cornwall's current research interests include entrepreneurial finance and entrepreneurial ethics. He has authored or co-authored four books.
