FOR IMMEDIATE RELEASE
Friday, January 30, 2015
News Media Contact:
Office of Public Affairs, 202-482-4883
The U.S. Commerce Department’s Bureau of
Economic Analysis today
reported that real gross domestic product increased at an annual
rate of 2.6 percent in the fourth quarter of 2014, according to the advance
estimate.
“Today’s advance estimate of fourth quarter real GDP was bolstered by consumer
spending, which grew at its fastest rate since 2006, and consumer optimism
which is driven by real wages beginning to rise and declining gasoline prices,”
said U.S. Secretary of Commerce Penny Pritzker. “We must build on this momentum
by continuing to invest in areas that will grow our economy and create good
American jobs, including infrastructure, trade and workforce training. Through
our ‘Open for Business Agenda’, the U.S. Commerce Department is working to
expand U.S. exports, increase investment in the United States, strengthen
American manufacturing, ensure our workers have the skills to get jobs
businesses need to fill, unleash more of our data, and provide businesses and
communities with environmental intelligence, all of which help create jobs and
keep America more competitive in the global economy.”
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