Economy stronger than first thought in third quarter
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The U.S. economy grew faster than first thought in the third quarter on strong business investment, as the housing sector posted its biggest decline in more than 15 years, the government said Wednesday.
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U.S. economic growth picked up in the fourth quarter, according to a government report Wednesday that showed an economy stronger than expected for the last three months of hte year.
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The U.S. economy grew at a stronger than expected pace during the final quarter of last year, boosted by robust spending and slowing inflation that more than offset the biggest decline in residential investment in 15 years, a government report on Wednesday showed.
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WASHINGTON - The US economy grew at a four per cent annual rate in the third quarter, slightly faster than the 3.9 per cent economists had been expecting.
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U.S. stocks rose on Wednesday after the government raised its estimate of third-quarter economic growth, soothing fears that a sharply weaker economy would hurt corporate profits.
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The US economy grew at a faster-than-expected 3.9 percent annual pace in the third quarter of 2004, powered by robust consumer and business spending, the government revealed.
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The U.S. economy shot forward at an  upwardly revised 5.3 percent annual rate in the first quarter,  the fastest growth in 2-1/2 years, as companies built up  inventories and exports strengthened, a Commerce Department  report on Thursday showed.
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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 economy expanded faster than expected in the last quarter of 2006 and remains strong.
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U.S. business productivity was  stronger than first thought in the first quarter and labor  costs were much better contained, the government said on  Thursday in a report that tempered inflation jitters in  financial markets.
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The Philippine economy rose 6.3 percent year-on-year in the third quarter, higher than the market expectations, the government said Monday.
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The Commerce Department Wednesday said its final report, or third reading, on gross domestic product showed the economy expanded at a revised annualized rate of 4.0%.
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Robust consumer spending on cars,  furniture and food in the third quarter helped the U.S.   economy advance more quickly than first thought, a government  report showed on Tuesday, while underlying inflation was the  tamest in decades.
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The US economy was stronger than first thought in the three months to 30 September, revised figures show.
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The UK economy expanded at its fastest clip in three years in the third quarter, driven by services.
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Britain&#039;s economy has grown by more than previously thought in the first three months of the year, while annual numbers for 2001-2005 were also adjusted upwards, official data showed.
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The US economy grew at a slightly stronger rate than thought in the third quarter because imports were not as hefty as first estimated, the Commerce Department said on Wednesday, though corporate profits weakened.