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03 May 2006

US economy continues to grow

GDP rose at an annual rate of 4.8% for the first quarter of 2006, compared to a 1.7% increase witnessed during the fourth quarter 2005. The rebound, which primarily reflected positive contributions from personal consumption expenditures, was widely anticipated following a hurricane-hit fourth quarter performance.

Further information can be found by following the link below:
News Release

Economic Research Unit
Franklin + Andrews

eru@franklinandrews.com

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