U.S. third quarter growth fastest in four years
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The U.S. economy expanded at its fastest rate in four years during the third quarter, the government confirmed on Thursday, though it has slowed sharply since and is expected to keep doing so in 2008.
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US personal incomes rose 1.5 percent in the second quarter of 2004, the fastest pace of growth in more than three years as income gains sped up in 33 states, the Commerce Department said on Tuesday.
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The US economy picked up speed in the third quarter to expand at a 3.7 percent annual rate, the government reported Friday in the last significant look at the economy before Election Day on Tuesday.
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The economy sprinted ahead at its fastest pace in four years during the summer, but it is expected to limp through the final three months of this year.
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The US economy expanded at a 3.7 percent annual rate in the third quarter, below expectations but still bolstered by healthy consumer spending that was accompanied
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Robust consumer spending on cars, furniture and food helped the US economy advance faster than first thought in the third quarter, a government report showed, while underlying inflation was the tamest in decades.
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The US economy grew at a 3.7 percent annual rate in the third quarter - a pace that was slightly better than in the spring but not as strong as many analysts expected.
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The U.S. economy grew at an annual rate of 3.3 percent in the spring, the government reported Wednesday. That was significantly better than a previous estimate but still the weakest showing in more than a year.
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The US economy grew at a healthy 3.7% annual rate in the third quarter this year, bolstered by strong consumer spending and accompanied by the lowest inflation in decades, the Commerce Department said Friday.
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Robust consumer spending on cars,  furniture and food helped the U.S. economy advance faster than  first thought in the third quarter, a government report showed,  while underlying inflation was the tamest in decades.
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The US economy grew at a 4 percent annual rate from July through September, faster than previously estimated, according to government figures that suggest the expansion may continue at a similar pace into 2005.
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The UK economy grew by 3.1% in 2004  after accelerating in the final three months of last year, according to official figures.
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Robust business investment helped push U.S. second-quarter growth ahead at an upwardly revised 4 percent annual rate, the government reported on Thursday, the fastest pace since early last year but one that is unlikely to be sustained.
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WASHINGTON, Oct 29  - The US economy grew at a 3.7 percent annual pace in the third quarter, the government said Friday, unleashing a last-gasp scrap in the lock-tight, four-day race to the White House.
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The U.S. economy grew at a healthy  3.7 percent annual rate in the third quarter this year,  bolstered by strong consumer spending and accompanied by the  lowest inflation in decades, the Commerce Department said on  Friday.
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The US economy grew at a slower pace than expected during the last three months of 2004, Commerce Department figures show.
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Robust business investment helped  push U.S. second-quarter growth ahead at an upwardly revised 4  percent annual rate, the government reported on Thursday, the  fastest pace since early last year but one that is unlikely to  be sustained.