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Real gross domestic product (GDP) during the first quarter (January through March) of 2005 increased at an annual rate of 3.5 percent. This is the preliminary estimate of the change in real GDP for the first quarter. It is a revision of the advance estimate of a 3.1 percent increase in real GDP in the first quarter. The increase in real GDP was primarily due to increases in consumption and inventory, software, equipment, residential housing investment, and exports. Imports did increase during the quarter.
Not Rated Yet.