Economy improved, but not as much as expected
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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
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sluggish gross domestic product reading was nonetheless better than expected, prompting investors to send stocks slightly higher yesterday.
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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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NEW YORK - A sluggish gross domestic product reading was nonetheless better than expected, prompting investors to send stocks moderately higher Friday on hopes that the economic slowdown would not be as bad as first thought.    The 2.8 percent GDP growth in the second quarter, a revision from the 3 percent preliminary figure reported in July, is a far cry from the 4.5 percent growth in the first quarter...
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This weekâs snapshot of the nationâs economic output may offer two surprises for the price of one. It may be stronger than expected and weaker than it seems.
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The economy grew at a faster pace this spring than previously thought, but it was at its weakest in more than a year, providing ammunition to both candidates in the final weeks of the presidential race.
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The economy grew at a 0.7 percent annual pace in the first three months of this year, the weakest in more than four years but slightly better than previously estimated, data showed  on Thursday.
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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 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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Even when experts were declaring the economy healthy, many Americans voiced a vague, but persistent dissatisfaction. True, jobs were relatively plentiful over the last few years. It was easy to borrow and very cheap. The sharp rise in the value of homes and plentiful credit cards encouraged a nation of consumers to get out and buy. But to many people, something didn't feel right, even if they couldn't quite explain why.
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The US economy expanded at an annual rate of 3.7 per cent in the third quarter, which is below expectations. However, the Commerce Department says the rate has been bolstered by healthy consumer spending accompanied by the lowest inflation in decades.
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The U.S. economy grew at a 2.9  percent annual pace in the second quarter, faster than  originally reported but less of an upward revision than  expected, as higher business investment offset a drop in  residential construction, a Commerce Department report showed  on Wednesday.
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The economy -- helped out by more brisk consumer and business spending -- 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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WASHINGTON -- Most parts of the country saw modest economic growth in the past month, although there were pockets of sluggishness as businesses continued to cope with fallout from the troubled housing and automotive industries.
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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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U.S. economic growth was stronger  than previously thought in the third quarter because imports  were less hefty than originally estimated, the government said  on Wednesday, but corporate profits weakened.
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WASHINGTON -- The economy grew at a sluggish 2.2 percent pace in the final quarter of last year, much slower than initially thought as businesses tightened their belts amid fallout from the troubled housing and automotive industries.