News Summary May 3, 2021
Today's Top Story: Positive Growth Ahead for Premium Seafood
The U.S. gross domestic product grew at a 6.4% seasonally adjusted annual rate in the first quarter, extending what is a consumer-driven recovery as the pandemic wanes. Household income rose 21.1% in March mainly due to the stimulus checks as reported by the WSJ. While savings were up 27.6%, personal consumption advanced at a 10.7% pace. There are two ongoing economies: a goods economy that is increasing quickly and the service sector which is still facing social distancing and restrictions on capacities at stores, restaurants, and sporting events. People have money and are spending it on cars, durables, and of course premium seafood items like king crab, snow crab, and lobster...
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Today's Top Story: Positive Growth Ahead for Premium Seafood
The U.S. gross domestic product grew at a 6.4% seasonally adjusted annual rate in the first quarter, extending what is a consumer-driven recovery as the pandemic wanes. Household income rose 21.1% in March mainly due to the stimulus checks as reported by the WSJ. While savings were up 27.6%, personal consumption advanced at a 10.7% pace. There are two ongoing economies: a goods economy that is increasing quickly and the service sector which is still facing social distancing and restrictions on capacities at stores, restaurants, and sporting events. People have money and are spending it on cars, durables, and of course premium seafood items like king crab, snow crab, and lobster...
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