USA Gross Domestic Product
The US has recently revised downwards its estimate of growth in the first quarter of 2004, but output growth is still strong.
Applying the growth measure most commonly used in Australia, real GDP increased by 4.8 per cent in the year to the first quarter of 2004, the second-fastest through-the-year growth since 1984
The preferred growth measure in the USA annualises the quarter's growth rate, yielding a growth estimate of 3.9 per cent for the first quarter, also strong by recent standards.
Source: US Bureau of Economic Analysis
