michigan economic indicators a newsletter on key prepared by the senate fiscal agency highlights c advance estimate for inflation adjusted gross domestic product gdp indicated growth of 3 1 in first quarter 2005 compared with 8 fourth 2004 while consumption government spending and investment continued to grow they grew at slower rate than during increases inventory accumulation residential were more offset nonresidential furthermore exports faster imports rose an even causing deteriorating trade picture provide larger subtraction from retail sales annual 4 april but 7 above level one year ago gasoline stations led increase growing 19 followed non store retailers 12 motor vehicle parts dealers 10 0 furniture stores sporting goods hobby book music department showed worst over
