“Contas equilibradas não significa superávite”

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8:34am 12/23/03 U.S. Q3 CORPORATE PROFITS REVISED DOWN TO 9.9% GROWTH
8:32am 12/23/03 U.S. NOV. PCE PRICE INDEX FLAT, CORE DOWN 0.1%
8:33am 12/23/03 U.S. NOV. PCE PRICE INDEX FLAT, CORE DOWN 0.1%
8:31am 12/23/03 U.S. NOV. REAL DISPOSABLE INCOMES UP 0.6%
8:30am 12/23/03 U.S. Q3 GDP UNREVISED AT 8.2%
8:30am 12/23/03 U.S. NOV. REAL CONSUMER SPENDING UP 0.5%
8:30am 12/23/03 U.S. NOV. PERSONAL INCOMES UP 0.5%, MOST SINCE MAY

U.S. Q3 GDP revised to 8.2%
WASHINGTON (CBS.MW) - The U.S. economy grew at an 8.2 percent annual rate in the third quarter, unrevised from the previous estimate, the Commerce Department said Tuesday.
The final revision to U.S. gross domestic product data for the July through September quarter reflected new methodology in several areas.
GDP increased 3.6 percent in the past four quarters, the best year-over-year growth since the second quarter of 2000.
Third-quarter growth was boosted by consumer spending and business investment.
Corporate profits jumped, while inflation remained tame. Final sales of domestic product increased 8.3 percent, the most in 25 years.
In nominal terms, GDP reached $11.1 trillion annualized.


ECONOMIC REPORT - Q3 GDP unrevised at 8.2% - Still fastest growth in 20 years under new methodology
By Rex Nutting, CBS.MarketWatch.com

WASHINGTON (CBS.MW) - The U.S. economy grew at an 8.2 percent annual rate in the third quarter, unrevised from the previous estimate, the Commerce Department said Tuesday.

The final revision to U.S. gross domestic product data for the July through September quarter reflected new methodology in several areas. But the changes didn't affect the bottom line.

GDP increased 3.6 percent in the past four quarters, the best year-over-year growth since the second quarter of 2000.

Third-quarter growth was boosted by consumer spending and business investment. Corporate profits jumped, while inflation remained tame.

Final sales of domestic product increased 8.3 percent, the most in 25 years

Consumer spending increased at a 6.9 percent annual rate, revised up from 6.4 percent earlier. It was the fastest growth in consumer spending in 17 years. Spending on durable goods increased at a 28 percent annual rate.

Spending on autos added 1.4 percentage points to growth.

Investments were revised slightly lower.

Business fixed investment increased at a 12.8 percent rate, revised down from 14 percent earlier. Investments in structures fell 1.8 percent, while investments in equipment and software increased at a 17.6 percent rate.

Investments in houses grew at a 21.9 percent annual rate.

Businesses reduced their inventories by $9.1 billion in the quarter, shaving about 0.1 percentage point from growth.

The trade gap shrank in the third quarter, as exports grew 9.9 percent annualized and imports increased 0.8 percent. Trade added about 0.8 percentage points to growth.

Corporate profits increased 9.9 percent at a quarterly rate to $1.12 trillion annualized. Profits are up 24.9 percent from a year ago.


ECONOMIC REPORT: Consumer bounces back in Nov.
By Rex Nutting, CBS.MarketWatch.com

WASHINGTON (CBS.MW) - Real U.S. consumer spending recovered in November, rising 0.5 percent, the fastest spending growth since August, the Commerce Department estimated Tuesday.

Real spending on durable goods, largely autos, climbed 1.4 percent in November.

Meanwhile, nominal personal incomes increased 0.5 percent, the most since May.

Real disposable incomes - after-tax income adjusted for price changes - increased 0.6 percent, the highest since August.

Prices, as measured by the personal consumption expenditure index, fell 0.1 percent. Core prices were flat in November and were up 0.8 percent in the past year, matching a four-decade low.

Consumer spending had paused in September and October after surging in mid-summer. Disposable income growth had also slowed in September and October after spiking in July and August with the implementation of the tax cuts.

Retailers have reported mixed results in December, but the complete picture of consumer spending during the holiday season won't be known for another month.

Economists say consumer spending slowed in the fourth quarter to a relatively healthy pace after the third-quarter spending binge.

In the third quarter of the year, consumer spending increased at a 6.9 percent rate, the fastest growth in 17 years, the Commerce Department reported in a separate report on revisions to gross domestic product.

GDP increased at an 8.2 percent rate in the quarter, unchanged from the previous estimate. It was the fastest growth in 20 years.

In November, nominal wages and salaries increased 0.3 percent after five months of 0.2 percent growth. Meanwhile, proprietors' income increased 1.7 percent and rental income increased 6.2 percent.

The personal savings rate increased to 1.8 percent of disposable income from 1.7 percent in October.

In October, real spending was flat. Real disposable incomes rose 0.3 percent.