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U.S. Economy Grew Slightly Slower 2.2% in First Quarter, Revised GDP Figures Show


Wednesday, 30 May 2018 19:46 WIB

Ekonomi ASGDP AS


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The U.S. grew economy grew a touch softer in the first quarter than originally reported, mainly because of a slower buildup in inventories. Gross domestic product was trimmed to an annual 2.2% pace from 2.3%.

Economists polled by MarketWatch predicted gross domestic product would be unchanged.

Adjusted corporate profits before taxes, meanwhile, fell 0.6% to mark the second straight decline.

The picture looked brighter for corporations after taxes. They paid $117.4 billion less to the government in the wake of the Trump tax cuts.

The government’s tax haul declined to annualized $328.2 billion from $445.6 billion.

As a result, adjusted aftertax profits climbed 5.9%.

Source : Market Watch


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