Data shows economy poised for better growth
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The labor market is holding steady, businesses are rebuilding inventories and the consumer is still spending, all signs pointing to stronger economic growth in the latter part of this year.
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The survey of business activity around the country, compiled from reports submitted by the Fed&#39;s 12 regional banks, depicted an economy that was moving ahead with even the hard-hit manufacturing sector beginning to regain its footing after a prolonged
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US economic growth picked up in the third quarter, fuelled by strong consumer spending, official figures show.
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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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Bullish economic outlooks encourage investors.
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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 national economy grew at a solid rate in the last three months, boosted by a rebound in consumer spending and another strong quarter of business investment, the Commerce Department reported yesterday.
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The economy could be headed for slower growth in the next several months, according to a report released Thursday by a private research group.
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Ireland is poised to grow faster with a smaller deficit thanks to the global economic recovery, the government says.
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Recent consumer spending suggests that the economy may not be slowing as suddenly as some economists had thought.
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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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The economy expanded faster than expected in the last quarter of 2006 and remains strong.
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WASHINGTON  - The US economy grew at a brisker-than-expected 4.0 percent annual growth pace in the third quarter, the government said, raising hopes for a solid 2005.
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Strong business investment and higher exports drove the U.S. economy ahead at a robust 4 percent annual rate in the second quarter before turmoil in credit markets struck that is expected to brake growth ahead.
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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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The economy grew at a 3.7 percent annual rate in the third quarter _ a pace slightly better than in the spring but not as strong as many analysts expected.
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The early data is in, and the results are clear: no recession today, but probably next year.