US growth steady in quarter
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The nation&#39;s economy grew at a moderately strong pace in the three months ending Sept. 30, driven by solid gains in consumer spending, the Commerce Department reported Friday.
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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 grew at a 0.7 percent annual pace in the first three months of this year, the weakest in more than four years as businesses sold off inventories but consumer spending remained strong, a Commerce Department report on Thursday showed.
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The US economy grew at a 4% annual pace in the third quarter of 2004, a little faster than earlier estimated, the latest government figures show today.
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The US economy is growing robustly, despite a slowing housing sector, although inflation remains above the central bank's comfort level, two top Federal Reserve officials said yesterday.
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Blue-chip stocks were flat on Friday  after third-quarter gross domestic product data showed the U.S.  economy grew at a slower-than-expected pace, but another report  showed a rise in Midwest business in October.
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The US gross domestic product grew only 2.2 percent last quarter.
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The rate of increase in U.S. home prices remained steady in the fourth quarter of 2006, extending the slowing trend that began earlier in the year, federal regulators reported yesterday.
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WASHINGTON - Reports on retail sales and producer prices show US economic growth has cooled since its third-quarter spurt, while inflation slows.
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The US economy grew at an annual rate of 3.3% in the spring, the government reported Wednesday in the final revision to second-quarter gross domestic product.
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The Commerce Department said Friday US economic growth in the second quarter grew at its slowest pace since the first quarter of 2003.
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The U.S. economy will barely manage to grow in the first quarter this year while inflation will remain somewhat elevated, a quarterly survey issued by the Philadelphia Federal Reserve Bank showed on Tuesday.
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The U.S. economy is in good shape,  with growth moderating to a more sustainable pace from the  rapid expansion in the early part of the year, U.S. Treasury  Secretary Henry Paulson said on Friday.
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WASHINGTON, Oct 29  - The US economy grew at a 3.7 percent annual pace in the third quarter, the government said Friday, unleashing a last-gasp scrap in the lock-tight, four-day race to the White House.
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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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U.S. stock futures were little changed  on Friday before data on third-quarter gross domestic product,  the broadest measure of U.S. economic growth, which was  expected to set the tone for early stock trading.
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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.