Reports Find Economy Holding Up
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Government reports released Thursday showed surprising resilience in the broader economy, even as the financial system and the housing market continue to weaken.
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U.S. economic growth picked up in the fourth quarter, according to a government report Wednesday that showed an economy stronger than expected for the last three months of hte year.
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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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Strong business investment and higher exports drove the U.S. economy ahead at a robust 4 percent annual rate in the second quarter, before the onset of turmoil in credit markets that is expected to brake growth.
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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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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 asset manager held up well despite adversity in the markets.
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Investor's Business Daily - Jobs and factories continued to expand at a modest pace as the U.S. economy showed resilience despite crumbling housing activity.
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US manufacturing activity remained strong in September and construction spending surged to a record high in August, according to a pair of reports issued Friday that provided an optimistic look at the sturdiness of the economy.
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The economy will likely pick up in 2007 after output growth slows rapidly in late 2006, according to a survey conducted by the Philadelphia Federal Reserve Bank released on Thursday.
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The nominal numbers reported about the economy are in some ways more real than the real ones.
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US economic growth during the second quarter of the year was stronger than previously thought, the Commerce Department reported on Wednesday, partly because businesses
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WASHINGTON -- The economy is in pretty good health despite the ailing housing and auto industries, allowing the Federal Reserve to feel comfortable about leaving a key interest rate alone.
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U.S. investors remain confident in the health of the economy and most expect the U.S. stock market to hold near its recent record levels or extend them modestly, according to a Reuters/Zogby poll released on Wednesday.
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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 economy grew by 0.8 percent in the second quarter of this year compared with 0.7 percent during the first three months of 2007, according to official data published on Friday.
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The economy grew at its strongest pace in more than a year during the spring as international trade and business investment helped offset weakness in housing, the government said.