Economic reports mostly up, show year-end strength
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Americans spent and earned slightly more money in November than in the previous month and orders to factories for durable goods rebounded, showing
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The economy grew at a 3.7 percent annual rate in the third quarter &#151; a pace slightly better than in the spring but not as strong as many analysts expected. Friday's government report was the last broad snapshot of economic activity before Election Day and provided political ammunition for both sides.
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For the first time in a while, the monthly passenger figures show good growth.
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The Philippine economy continued to grow robustly in the third quarter despite rising consumer prices, with the gross domestic product expanding by 6.3 per cent from a year ago
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The blue-chip Dow average and the   Nasdaq rose slightly in thin trading on Wednesday, helped by a   government report showing economic growth remains reasonably   strong.
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In a buoyant annual report, President Bushâs Council of Economic Advisers said the economy was poised to keep growing at a solid 3 percent a year.
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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.
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Its results from the fourth quarter continue recent solid trends.
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Final quarter output of goods and services beat economist estimates, and a new GDP report raised no inflation concerns.
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'Substantial progress in the last year'
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The U.S. economy will grow slowly during the first half of the year, but pick up strength as the months pass, a survey of top forecasters showed on Saturday.
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The U.S. economy appears to be getting on a sustainable growth path with GDP expected to grow 2.8 percent in 2007, and the risks of inflation are slightly higher than those of an economic slowdown, according to a survey of economists released on Monday.
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The U.S. economy grew at a stronger pace than expected in the final quarter of 2006 without raising inflation pressures, government data showed on Wednesday, as robust consumer spending more than offset the biggest slump in housing in 15 years.
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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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Most forecasts run 5 to 6 percent above 2005, promising a lift for the US economy.
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The outlook for the US economy in 2007 has picked up, a survey indicates, thanks to robust consumer spending.
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India's economy grows by more than 7% in the first quarter of the financial year - the results are better than expected.