e-forecasting.com releases First Estimate of August US Monthly GDP

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 US MONTHLY GDP UP IN AUGUST

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FOR IMMEDIATE RELEASE

Contact:
Maria E. Simos
65 Newmarket Road
Durham, NH 03824
Phone: 603-868-7436
http://www.e-forecasting.com
info@e-forecasting.com

e-forecasting.com releases First Estimate of August US Monthly GDP

US MONTHLY GDP UP IN AUGUST

Durham, NH – September 5th 2008 – Economic research firm e-forecasting.com today announced that their flash estimate of US monthly GDP for August went up 3.6%.

Following an increase of 1 percent in July, the real-time monthly GDP, expressed at seasonally adjusted annual rates in chained 2000 prices, increased 2.3 percent in August to $11,782.3 billion.

In a note to clients, CEO Maria Simos noted, “For a second time in a row, GDP has increased in the third quarter despite declines in employment which were not sufficient enough to overcome productivity gains which grew 4.3% in the second quarter in the business sector. Our estimates for the first two months of the third quarter indicate continued gains in productivity.”

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 complimentary chart to accompany this, or further information: http://www.e-forecasting.com  or

Contact: info@e-forecasting.com
Phone: 603-868-7436


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