US Economy Grew at a 2.8% Rate in Second Quarter
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The US economy grew at a 2.8 percent annual rate from April through June, slower than the government estimated last month as higher oil prices limited consumer spending and the trade deficit widened to a record.
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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 economy expanded by 2.9 percent during the first quarter of 2007 on a 12-month comparison, official data showed on Friday.
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A string of government reports yesterday offered a mixed picture of the US economy. Worker productivity grew at a 2.5 percent annual rate in the second quarter, the
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Business growth slowed to a 2.2 percent pace in the late summer, a much better performance than anticipated and an encouraging sign that the housing slump hasn't significantly dragged down the economy.
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WASHINGTON -- Business growth slowed to a 2.2 percent pace in the late summer, a much better performance than anticipated and an encouraging sign that the housing slump hasn't significantly dragged down the economy.
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The economy grew at a 2.8 percent annual rate from April through June, as oil prices limited consumer spending and contributed to a record trade deficit.
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Growth of the US economy slowed to an annual rate of 2.8 percent in the second quarter of this year, lower than the 3.0 percent rate previously estimated, the US Commerce Department reported on Friday.
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The economy grew at a 3.8 percent annual rate in the April-to-June quarter, slightly less robust than a previous estimate of a 4 percent growth rate.
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The U.S. economy grew at a faster   clip and inflation was slower than originally reported in the   second quarter, a government report said on Wednesday,   suggesting the Federal Reserve will keep interest rates steady.
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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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Healthy business investment helped  the U.S. economy grow at a revised 3.8 percent annual rate in  the second quarter, slightly less than previously thought  because of brisker demand for foreign goods and services, the  Commerce Department said on Thursday.
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Annual US economic growth fell to 2.8% in the second quarter of 2004, marking a slowdown from the 3% estimated a month ago.
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Healthy business investment helped the U.S. economy grow at a revised 3.8 percent annual rate in the second quarter, slightly less than previously thought because of brisker demand for foreign goods and services, the Commerce Department said on Thursday.
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The U.S. economy grew at an annual rate of 4 percent in the second quarter, as strong business investment led the fastest pace of expansion since early last year, the government reported on Thursday.
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WASHINGTON : The US economy braked harder than first thought in the second quarter, posting a tepid 2.8 percent annual growth rate as consumers gripped their purses, a government report showed.
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The U.S. economy grew at an annual  rate of 4 percent in the second quarter, as strong business  investment led the fastest pace of expansion since early last  year, the government reported on Thursday.