us economic growth stronger than expected despite weak demand /

Published at 2019-04-26 18:48:23

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Stockpiling by businesses helps provide growth of 3.2% in first quarter of 2019US economic growth surged in the first three months of the year to 3.2% as the threat of a trade war with China forced businesses to stockpile at the fastest rate since 2015.
Figures
from the Department of Commerce showed that a jump in hoarding raw materials and finished goods and an increase in government investment overcame feeble consumer spending, a drop in housebuilding and low trade investment to send GDP growth well ahead of the 2.2% in the last quarter of 2018.
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Source: theguardian.com

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