US economic growth cools to 2.8 percent pace in second quarter
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WASHINGTON : The US economy braked harder than first thought in the second quarter, posting a tepid 2.8 percent annual growth rate as consumers gripped their purses, a government report showed.
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A cooling housing market helped slow   U.S. economic growth more steeply than expected in the second   quarter, the government reported on Thursday, while corporate   profits grew feebly.
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The US economy grew at an annual rate of 2.2 percent in the fourth quarter, slower than the government first estimated, as companies stepped up efforts to curb inventories.
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The U.S. economy will grow at a moderate clip in 2007 as consumer spending growth slows and business spending moderates during the second half, a key economic forecast released on Tuesday showed.
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The economy grew at a faster clip in   the second quarter and inflation was slower than originally   reported, a government report said on Wednesday, suggesting the   Federal Reserve will keep interest rates steady.
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Skyrocketing energy prices are   expected to help lead to subdued U.S. economic growth for the   second half of this year, averaging 2.6 percent, according to a   survey of economists released on Monday.
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A slowdown in US economic growth during the second quarter was not as sharp as previously thought, the Commerce Department reported today.
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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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The US economy's &quot;soft patch&quot; was not as weak as initial estimates, according to government data showing a 3.3 percent pace of expansion in the second quarter.
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The US economy grew at a strong pace of 4.0 percent in the second quarter, the government said Thursday in a revised estimate of gross domestic product for the April-June period.
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The US economy grew at a pace of 2.2% in the last three months of 2006, down from a previous estimate of 3.5%.
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The US economy grew at a pace of 0.6% in the first quarter of 2007, its weakest rate in more than four years.
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The U.S. economy slowed more sharply  in the second quarter than first thought as oil prices rose and  the trade gap swelled, the government said on Friday in a  report that confirmed momentum faltered in the spring.
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The U.S. economy grew at an annual  rate of 4 percent in the second quarter, as strong business  investment led the fastest pace of expansion since early last  year, the government reported on Thursday.
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The gross domestic product, the broadest measure of economic output, grew at a 3.3 percent annual rate in the second quarter, the Commerce Department reported yesterday, revising its earlier estimate of 2.8 percent.
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The US economy performed better than initially thought in the second quarter of 2006, revised data shows.
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The growth in manufacturing eased in August to a pace that is consistent with the recent cooling in the economy.