WASHINGTON -- The nation's gross domestic product fell 0.3%during the second quarter, the Commerce Department reportedtoday.
The department attributes the GDP drop to factors such asdecreases in consumer spending and cuts in imports. The GDP did notdecline more because of increases in government spending and someincreases in inventory investment, according to the department'sanalysis.
The GDP is the measure of the nation's total output of goods andservices. Today's result was the weakest since the third quarter of2001, when terrorists attacked the United States on 9/11.
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