Growth data shows underlying economic strength
Private spending is up 3.2% for the year, below the GDP increase: business investment is up 6.0%.
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EARNINGS
Economic growth jumped 3.3% over 2014, slightly ahead of expectations.
Figures for the final three months of the year show an anticipated falloff in the farm-based industries – the increase in output is a flat 0.1% – but output still rose 4.1% year on year. (See graph below)
As might be expected
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Rob Hosking
Thu, 19 Mar 2015
Thu, 19 Mar 2015
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Growth data shows underlying economic strength
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