Growth Slowed Drastically in 4th Quarter
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The U.S. economy expanded by a weak 0.6 percent in the latest indication of a substantial economic slowdown.
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Service industries in the United States grew last month at the slowest pace in almost four years, suggesting the economic slowdown may be spreading beyond housing and manufacturing.
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US business productivity grew more slowly in the third-quarter than first thought, a government report showed on Tuesday, with other economic indicators also painting a mixed picture for growth.
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Growth in US services - the engine driving the world's biggest economy - has slowed sharply, a survey suggests.
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August employment grew at the slowest rate in four years.
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Economic growth slowed a bit in the final stretch of 2004, expanding at a still respectable 3.1 percent pace. For all of last year, though, the economy clocked in at its fastest clip since 1999, a compelling sign that the recovery is more deeply rooted.
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The economy limped ahead at just a 0.7 percent pace in the first quarter, the slowest in more than four years. Some businesses clamped down on spending, given the uncertainties about the severity of the housing slump.
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The UK&#39;s economic growth slowed in the third quarter as manufacturing output declined, preliminary data has shown. Gross domestic output (GDP) increased 0.4% in the three months to 18 October, according to
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The British economy grew by 0.4 percent in the third quarter of 2004 from the second quarter of the year, the slowest rate of growth since the first quarter of 2003.
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Economic growth slowed in the final quarter of 2004 to levels not seen in two years, the Commerce Department said yesterday, capping a nonetheless expansive 12 months for the American economy.
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U.S. growth slowed in some parts of  the country last month and private employers hired fewer people  than expected, according to reports on Wednesday that chime  with other weak signals from the economy.
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The U.S. economy grew at a softer pace than first estimated in the final three months of last year as businesses slowed production to work off inventories and consumers spent less.
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The economy grew at a sluggish 2.2 percent pace in the final quarter of last year, much slower than initially reported, in a kind of unusually large downward revision that has happened only seven times in the last 30 years.
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A gauge of manufacturing growth in New  York State fell for the fourth consecutive month in February to  its weakest level since April 2003, New York Federal Reserve  said on Friday.
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The pace of U.S. worker productivity  growth slowed at the end of 2004 and new claims for jobless aid  dipped last week, according to reports raising both job-growth  hopes and inflation concerns.
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U.S. business productivity growth proved surprisingly sluggish at the end of 2004 and claims for jobless aid unexpectedly dipped last week, according to government reports that showed a good sign for employment which could fan inflation fears.
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WASHINGTON  -U.S. economic growth in the opening quarter this year was the weakest in more than four years as businesses sold off inventories and Americans imported more foreign goods, the government reported on Thursday.