Economy remains on solid footing
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Manufacturing activity rose in August for the 15th consecutive month, but at a slower rate than in July, according to a monthly report released yesterday by the Institute for Supply Management, a research group.
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With the economy continuing to rank as a top factor in the upcoming election, the latest &quot;beige book&quot; confirms that economic activity continued to expand through early October.
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A gauge of future economic activity that had declined for five-straight months reversed course in November, signaling the nation&#39;s financial engine is still gaining power, even though the growth rate has slowed.
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The companyâs strong quarterly results and optimistic outlook suggests that a weakening economy will not slow it down.
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NEW YORK - Consumers&#39; assessment of the economy held largely steady this month, according to a university research report released Friday.
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Australia's central bank said the country's financial system is sound and ongoing economic growth has created a favourable outlook for financial stability.
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The pound was solid against the euro despite mounting concerns about the state of Britain's public finances.
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US factory growth stayed strong in September, according to reports on Friday, while construction spending hit a record high in August for a seventh month in a row, showing the economy&#39;s expansion remains solid.
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The U.S. 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 on Monday.
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The early data is in, and the results are clear: no recession today, but probably next year.
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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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A solid quarter in tough times? I'd say the glass is half full.
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Consumers&#39; assessment of the economy held largely steady this month, according to a university research report released Friday.
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The U.S. economy has so far managed to withstand the housing slump, and one reason is that construction crews have found other things to do.
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The economy finished 2004 with its best performance in five years despite slowing in the final stretch. The outlook ahead: a moderate jog, rather than a sprint. The broadest barometer of the country's economic standing, the gross domestic product, clocked a 4.4 percent increase for all of last year spurred by brisk consumer and business spending, the Commerce Department reported Friday.
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Solid economic news in the early days of 2005 hasn't done much for a shaky stock market.
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The pound was steady, though off an earlier fresh 26-year high against the dollar as the latter bounced back on relief that Thursday afternoon&#39;s US economic news was not as bad as some had feared.