Annualized GDP falls 5.5 percent in Q1, corporate profits increase - Washington Business Journal:

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percent in the first quarter afterfa 6.3 percent declin in the last quarter of 2008. The Bureay of Economic Analysis, whicyh released first quarter gross domestic productfigures Thursday, said the improved performance is due to a 1.4 percent increase in real personal The decline in GDP, which measures the outputr of goods and serviced produced in the U.S., coincided with a rise in corporate which increased $48.1 billion in the firstt quarter following a $250.3 billion decrease in the fourthu quarter of 2008.
The GDP declines reflected drops in both imports and export s as well as declinint production of equipmentand software, development and The price index for domestic purchases fell 1 percent on falling food an energy Excluding those, actual prices rose 1.4 the government said. Federao pay raises for civilian and militarh employees contributedan 0.3 percent poin to the change in first quartefr domestic purchases. Exports decreased 30.6 percentr and imports were down 36.4 percent, after fourthb quarter decreasesof 23.6 percent and 17.5 respectively.
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