Growth Under Forecast in 3rd Quarter
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The U.S. economy grew at a healthy  3.7 percent annual rate in the third quarter this year,  bolstered by strong consumer spending and accompanied by the  lowest inflation in decades, the Commerce Department said on  Friday.
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U.S. stock futures were little changed  on Friday before data on third-quarter gross domestic product,  the broadest measure of U.S. economic growth, which was  expected to set the tone for early stock trading.
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The US economy grew at a healthy 3.7% annual rate in the third quarter this year, bolstered by strong consumer spending and accompanied by the lowest inflation in decades, the Commerce Department said Friday.
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Borders Group warns about its third quarter.
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For three years, The Washington Post has asked business and nonprofit leaders to predict how the Washington area economy will do in the coming year. For three years, the group forecast solid growth and were right.
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The economy -- helped out by more brisk consumer and business spending -- grew at an annual rate of 3.9 percent in the third quarter, a performance that was stronger than previously thought.
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Stock futures rose slightly on Wednesday before figures on third-quarter economic growth, which could be revised higher, suggesting continued corporate profit growth.
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The US economy grew at a slower-than- expected 3.7 percent annual rate in the third quarter as rising oil prices contributed to a record trade deficit and companies added less to inventories.
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The U.S. economic outlook dimmed  somewhat on Tuesday after reports said business productivity  grew more slowly in the third quarter than first estimated,  labor costs rose and other indicators signaled softening  activity.
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U.S. economic growth was stronger  than previously thought in the third quarter because imports  were less hefty than originally estimated, the government said  on Wednesday, but corporate profits weakened.
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Growth in the US economy this year is likely to be 4.3%, the OECD forecast today, lowering an earlier forecast of 4.7%. But the Japanese economy was set to grow by 4.4% instead of 3% forecast earlier and the euro zone by 2% instead of 1.6%.
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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 U.S. economyÂs third-quarter slump was not as bad as first estimated, but indicators suggest a steeper decline is coming soon.
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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 US economy grew at a 4% annual pace in the third quarter of 2004, a little faster than earlier estimated, the latest government figures show today.
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WASHINGTON, Oct 29  - The US economy grew at a 3.7 percent annual pace in the third quarter, the government said Friday, unleashing a last-gasp scrap in the lock-tight, four-day race to the White House.
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The US economy grew at a faster-than-expected 3.9 percent annual pace in the third quarter of 2004, powered by robust consumer and business spending, the government revealed.