Growth Rate of Economy Edged Higher Over Summer
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The economy picked up a little more speed during the summer quarter from July through September, expanding at a 3.7 percent annual rate, the government reported yesterday.
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The economy revved up its engine in the third quarter and advanced at an annual rate of 4 percent -- faster than expected. The reading on gross domestic product, released Wednesday by the Commerce Department
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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
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Business & money: Gross domestic product rose by 0.8% in the three months to June.
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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 expansion unexpectedly accelerated last month to the highest level in more than a year, a sign the economy is strengthening.
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US consumer spending is on the rise again, a sign the economy may be emerging from an early summer decline.
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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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There's more to growth than just a high growth rate.
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China's economy accelerated to 9.5 percent growth in the year through the fourth quarter, exceeding forecasts and raising the risk of another interest rate increase to avoid overheating.
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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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The economy grew at an annual rate of 3.7 percent this summer as a big rebound in auto sales offset weakness from an exploding trade deficit, soaring oil
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The economy grew at a 2.9 percent annual rate in the spring &#151; better than first estimated but nowhere near the brisk pace logged in the winter, another sign of slowing business growth. Inflation marched higher.
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Business activity in the US Midwest grew in September at a faster-than-expected rate, hinting that the economy is climbing out of its summer slow patch, a report showed on Thursday.
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The economy headed into the summer with strong momentum, propelled by a manufacturing rebound and consumers who eagerly went shopping and sightseeing despite high gas prices.
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The economy grew at a solid annual rate of 3.7 percent in July, August and September, driven by swelling demand for automobiles and other big-ticket items
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The economy expanded at an annual rate of 3.7 percent in the summer as a big rebound in auto sales offset weakness from an exploding trade deficit, soaring oil prices and