Economy grew 3.2 percent in first quarter

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U.S. gross domestic product increased 3.2 percent in the first quarter of 2010, according to the "advance" estimate by the Bureau of Economic Analysis.

In the fourth quarter, GDP increased 5.6 percent.

"The increase in real GDP in the first quarter primarily reflected positive contributions from personal consumption expenditures, private inventory investment, exports and non-residential fixed investment that were partly offset by decreases in state and local government spending and in residential fixed investment," the bureau said in a statement.

Click here for the full release from the Bureau of Economic Analysis.

Click here for a MarketWatch report.


Sales stagnate in March

Overall boat sales in March were slightly lower compared to last year and year-over-year growth was down by just over 1 percent, according to Statistical Surveys Inc., data that was gathered for 30 states.

Catawba Island show starts today

The Lake Erie Marine Trades Association’s Progressive Catawba Island Boat Show opens a week from today and will run through April 29 with more than 100 power and sailboats on display at the Catawba Island Club on western Lake Erie.