This article is from the source 'bbc' and was first published or seen on . It will not be checked again for changes.
You can find the current article at its original source at http://news.bbc.co.uk/go/rss/-/1/hi/business/8024839.stm
The article has changed 7 times. There is an RSS feed of changes available.
| Version 0 | Version 1 |
|---|---|
| US economy continues to decline | US economy continues to decline |
| (10 minutes later) | |
| The US economy continued to contract in the first three months of 2009, official figures have shown. | The US economy continued to contract in the first three months of 2009, official figures have shown. |
| US GDP contracted at an annualised rate of 6.1% during the quarter, little improvement on the 6.3% fall in the last three months of 2008. | US GDP contracted at an annualised rate of 6.1% during the quarter, little improvement on the 6.3% fall in the last three months of 2008. |
| The latest economic output figure from the Commerce Department was much worse than analysts had expected. | |
| Most had predicted that the rate of decline would have slowed to 5% during the first quarter. | |
| The continuing decline in economic output was led by falling exports and reduced inventory nvestment by firms. | |
| However, the Commerce Department said this was "partially offset" by higher consumer spending. | |
| The latest GDP figure comes after data earlier this month showed that US housing construction fell in March to its second-lowest level on record. | |
| Demand for durable goods also continued to fall in March. | Demand for durable goods also continued to fall in March. |