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NAFCU Economic Indicators Are Better Than Expected

ARLINGTON, Va. -- NAFCU's Macro Flash Data Reports on the country's gross domestic product and employment figures were slightly higher than expectations and much better than anyone expected, respectively, given current struggles in the economy.

By Staff Writer | Updated on May 13, 2008

ARLINGTON, Va. — NAFCU’s Macro Flash Data Reports on the country’s gross domestic product and employment figures were slightly higher than expectations and much better than anyone expected, respectively, given current struggles in the economy.

GDP came in at 0.6% and was dragged down by lower vehicle and computer sales, but thanks to persistent consumer consumption and government spending held its own despite a spike in imports. Disposable income increased 0.9% in the first quarter to 5.0%, and the personal savings mark inched up from zero to 0.02%.

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