US economy shows signs of vigor, but questions remain
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The latest economic data point to an acceleration in the US economy after the weakest growth in over four years, but some analysts say a full recovery is not yet in sight.
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The outlook for the US economy in 2007 has picked up, a survey indicates, thanks to robust consumer spending.
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The U.S. economy can't seem to make up its mind. It keeps showing strength and weakness, with fresh data yesterday providing still more mixed signals -- and fueling a debate over whether the housing slump is dragging the nation into a recession.
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The U.S. economy appears to be getting on a sustainable growth path with GDP expected to grow 2.8 percent in 2007, and the risks of inflation are slightly higher than those of an economic slowdown, according to a survey of economists released on Monday.
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The US economy will grow in 2008, the White House says, shrugging off concerns that the US is facing a recession.
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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 pound held its ground against the dollar despite strong economic data reinforced expectations that the US economy is enjoying a soft landing.
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Treasury Secretary Henry Paulson on Sunday tried to reassure investors the US economy is robust, despite last week's unsettling stock market plunge.
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Consumers are more confident about the state of the US economy than at any time in the past five months, new data suggests.
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The US economy&#39;s &quot;soft patch&quot; was not as weak as initial estimates, according to government data showing a 3.3 percent pace of expansion in the second quarter.
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US stock markets got a lift from the Federal Reserve's latest interest rate cut as the week's economic news confirmed the US economy is no longer accelerating and has struck a few worrisome potholes.
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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 the onset of turmoil in credit markets that is expected to brake growth.
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Consumers became a bit more optimistic toward the end of the August but still felt more cautious on the U.S. economy than they did a month ago, according to survey by the University of Michigan.
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The economy showed even more pep than initially thought in the first quarter, zipping ahead at a 5.3 percent pace. But a less energetic housing market and high energy prices are now taking out some of the oomph.
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The U.S. economy grew slightly faster than previously estimated in the first quarter, but still at the weakest pace in more than four years and inflation was higher as well, data on Thursday showed.
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The U.S. economy showed signs of  strength with the release of stronger-than-expected retail  sales data on Monday that helped cement views the Federal  Reserve will raise interest rates again this week.
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The US economy grew more quickly than previously thought in the three months to June, official figures suggest.