Economic Analysis Department, USA announces that the real gross domestic product; the output of goods and services are as follows:
In the year 2005-2006 the annual sales for Clothing and Shoes registered 9.5 percent growth for 2005 and 7.3 percent for 2006 respectively.
Real Gross Domestic Product : the output of goods and services produced by labor and property located in the United States increased at an annual rate of 4.8 percent in the first quarter of 2006.
According to advance estimates released by the Bureau of Economic Analysis. In the fourth quarter, real GDP increased 1.7 percent.
Price index for gross domestic purchases, which measures prices paid by US residents, increased 2.7 in the first quarter, compared with an increase of 3.7 percent in the fourth.
Excluding food and energy prices, the price index for Gross Domestic Purchases increased 3.1 percent in the first quarter, compared with an increase of 3.2 percent in the fourth.
About 0.1 percentage point of the first-quarter increase in the index was accounted for by the pay raise for federal civilian and military personnel, which is treated as an increase in the price index of employee services purchased by the federal government.
Economic Analysis Department, USA
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