FOR IMMEDIATE RELEASE
Maria E. Simos
65 Newmarket Road
Durham, NH 03824
e-forecasting.com releases Second Estimate of August US Monthly
US Monthly GDP Dropped in September
Durham, NH –October 3rd 2008
– Durham, NH – October 3rd 2008 – Economic research firm e-forecasting.com today announced that their flash estimate of US monthly GDP dropped in September by 1.8%.
Following a flat performance with a reading of 0 percent in August, the real-time monthly GDP, expressed at seasonally adjusted annual rates in chained 2000 prices, fell 1.8 percent in September to $11,715.7 billion.
In a note to clients, CEO Maria Simos noted, “With this major drop in GDP for September, it nearly negated the gains discovered in August. For the third quarter, we estimate zero growth of GDP.”
e-forecasting.com, an international economic research and consulting firm, offers forecasts of the economic environment using proprietary real-time economic indicators and produces company and industry-specific leading indicators for its clients. In cooperation with its affiliate, Infometrica, Inc., e-forecasting.com works with business publications and clients across the globe to provide industry, country and state-level economic content on a monthly and quarterly basis thus their predictive intelligence input is used by practitioners around the world.
For a full press release including charts,
see attached PDF or contact:
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