GDP slows in second quarter
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The Commerce Department said Friday US economic growth in the second quarter grew at its slowest pace since the first quarter of 2003.
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The US economy grew at an annual rate of 2.2 percent in the fourth quarter, slower than the government first estimated, as companies stepped up efforts to curb inventories.
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The euro-zone economy grew by 0.5 percent in the second quarter of 2004, a touch slower than in the first three months of the year, according to initial estimates released Tuesday by the European Union.
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The euro-zone economy slowed more sharply than previously estimated during the second quarter and may not gather new momentum before the end of the year, according to figures released by the European Union&#39;s statistics agency Thursday.
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NEW YORK - A closely watched measure of future economic activity fell in July for the second consecutive month, reinforcing evidence that the nation's financial recovery is slackening.    The Conference Board said Thursday its Composite Index of Leading Economic Indicators dropped by 0.3 percent in July to 116.0, following a revised decline of 0.1 percent in June...
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The U.S. economy grew more slowly in the second quarter than first thought amid shrinking corporate profits and higher imports, the government said on Friday in a report that confirmed momentum faltered in the spring.
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The economyâs 6.2-percent gross domestic product (GDP) growth in the second quarter may have exceeded expectations, but the stock market nonetheless shrugged off the positive news.
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Weighed down by high energy prices, the economy was even more sluggish than initially believed during the second quarter. But Federal Reserve policy-makers believe the pace will pick up in coming months, something President Bush is counting on as the election approaches.
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Skyrocketing energy prices are   expected to help lead to subdued U.S. economic growth for the   second half of this year, averaging 2.6 percent, according to a   survey of economists released on Monday.
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Initial claims for jobless benefits fell to their lowest level in two months, but a forward-looking indicator of economic activity suggests cooler growth in the second half of 2007.
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U.S. growth slowed in some parts of  the country last month and private employers hired fewer people  than expected, according to reports on Wednesday that chime  with other weak signals from the economy.
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The U.S. economy grew more slowly in  the second quarter than first thought amid shrinking corporate  profits and higher imports, the government said on Friday in a  report that confirmed momentum faltered in the spring.
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A slowdown in U.S. economic growth during the second quarter of the year was not as sharp as previously thought, the Commerce Department reported on Wednesday, partly because businesses built up inventories at the strongest rate in four years.
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The economy grew at a sluggish 2.2 percent pace in the final quarter of last year, much slower than initially reported, in a kind of unusually large downward revision that has happened only seven times in the last 30 years.
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WASHINGTON -- The economy grew at a sluggish 2.2 percent pace in the final quarter of last year, much slower than initially thought as businesses tightened their belts amid fallout from the troubled housing and automotive industries.
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The nation's economy grew at its slowest pace in more than a year in the second quarter, weighed down by rising energy prices and slipping exports.
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WASHINGTON --A closely watched gauge of future economic activity slipped for a second straight month, a performance viewed as signaling a slowdown but not a recession.