Economic news you maybe didn't expect


Another in our continuing series of news that somehow didn't make the news

Economy's Growth is Better Than Expected

WASHINGTON — The economy logged a solid 3.8 percent growth rate in the first quarter of 2005, a performance that was better than previously thought and a fresh sign the expansion is on firm footing.

The new reading on gross domestic product, released by the Commerce Department on Wednesday, marked an improvement from the 3.5 percent annual rate estimated for the quarter just a month ago and matched the showing registered in the final quarter of 2004.

Perhaps higher energy prices will negatively affect the economy for the second quarter ending tomorrow. If so, you'll definitely hear about it from the news media.  If not, well stay here for the information.

Ethel C. Fenig    6 29 05