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Chemical Week Magazine :: Departments :: Vital Statistics
Vital Stats: Recovery Continues
5:02 PM MST | January 21, 2011 | ARNOLD PEARLMAN
Real GDP rose at an annualized rate of 2.6% in the third quarter of 2010, according to the latest data by the Bureau of Economic Analysis. Earnings expanded 1.6% in the third quarter, slightly slower than previously estimated. Nonfinancial profits fell slightly, mainly because of a drop in petroleum industry earnings. Profits in that sector should improve due to a recent rebound in oil prices, however, analysts say. The majority of manufacturing industries posted rising sales and earnings in the third quarter, and preliminary fourth-quarter data indicate that...
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