US economy receives growth boost
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The US economy grew 4% in the second quarter of the year, a much stronger performance than first thought.
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The US economic expansion &quot;has regained some traction&quot; after a soft patch earlier this year, Federal Reserve Chairman Alan Greenspan said in an upbeat message on the economy to lawmakers.
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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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The US economy grew at an annual rate of 3.3% in the spring, the government reported Wednesday in the final revision to second-quarter gross domestic product.
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The whopping US trade and investment deficit is the result of a strong US economy and can be remedied by taking steps to boost growth elsewhere, a US Treasury official said.
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WASHINGTON -- The economy grew at its strongest pace in more than a year during the spring as solid improvements in international trade and business investment helped offset weakness in housing.
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U.S. economic growth leapt ahead at  an upwardly revised 5.6 percent annual rate in the first  quarter, helped by lower imports than first thought and  generating strong corporate profits, the Commerce Department  said on Thursday.
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The U.S. economy grew at a stronger pace than expected in the final quarter of 2006 without raising inflation pressures, government data showed on Wednesday, as robust consumer spending more than offset the biggest slump in housing in 15 years.
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The U.S. growth outlook got a boost  on Monday with the release of stronger-than-expected retail  sales data that helped cement views the Federal Reserve will  raise interest rates again this week.
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The economy &#151; helped out by more brisk consumer and business spending &#151; grew at an annual rate of 3.9 percent in the third quarter, a performance that was stronger than previously thought.
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Economic activity expanded from mid-April through May, with a number of areas reporting stronger growth, the Federal Reserve said on Wednesday.
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The US economy grew at a 4 percent annual rate from July through September, faster than previously estimated, suggesting an equally strong finish to the year.
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The economy grew at its strongest pace in more than a year during the spring as solid improvements in international trade and business investment helped offset weakness in housing.
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Spending by US consumers rose in November, suggesting shoppers will continue to boost economic growth this quarter. The 0.2 percent gain in personal expenditures on goods and services
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The US economy grew at a 3.9 percent annual pace from July through September, faster than initially estimated last month, as consumers spending strengthened.
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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 US economy grew faster in the second quarter than previously thought as business inventories rose at the strongest rate in four years, the government said on