The Commerce Department said in its advance estimate of Q2/14 economic growth that real GDP increased at an annual rate of 4.0%, exceeding market expectations of a 3.0% rise.
Reuters reported the U.S. economic recovery should accelerate in the coming months as an energy boom, steadily falling unemployment and a rebound in investment push growth to its fastest pace in a decade.
Real gross domestic product increased at an annual rate of 0.1% in the first quarter of 2014, compared to Q4/13, according to the Bureau of Economic Analysis, U.S. Commerce Department. In the fourth quarter, real GDP increased 2.6%.
For the soon to be released data on how the U.S. economy is measured, Jack Kleinhenz, chief economist of the NRF, notes major adjustments are planned that will increase the amount of final goods and services shown as produced in the economy.
Real GDP accelerated in Q1/13, increasing 2.5% after increasing 0.4% in Q4/12, according to the BEA. The pick-up was largely accounted for by a rebound in inventory investment.
In late March, Cole Taylor’s Michael Sharkey participated in a panel of M&A experts at the Association for Corporate Growth’s Capital Connection in Atlanta. The panel spoke to the challenges of getting deals done in the current marketplace. We asked Sharkey to bring the essential points of this panel to ABF Journal readers.