US economy data revised upwards
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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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an improvement compared with the previous month&#39;s surge, but still fresh evidence that inflation is picking up as the economy gains momentum.
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NEW YORK - A sluggish gross domestic product reading was nonetheless better than expected, prompting investors to send stocks moderately higher Friday on hopes that the economic slowdown would not be as bad as first thought.    The 2.8 percent GDP growth in the second quarter, a revision from the 3 percent preliminary figure reported in July, is a far cry from the 4.5 percent growth in the first quarter...
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The US economy picked up speed in the third quarter to expand at a 3.7 percent annual rate, the government reported Friday in the last significant look at the economy before Election Day on Tuesday.
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The US economy&#39;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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Now that the second quarter&#39;s soft patch in the US economy has been revised up to show growth of 3.3 percent, economists are turning their attention to the post-soft patch, or regaining traction, period.
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U.S. stocks rose on Wednesday after the government raised its estimate of third-quarter economic growth, calming worries that the economy was slowing sharply.
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U.S. economic growth during the second quarter of the year was stronger than previously thought, the Commerce Department reported on Wednesday, partly because businesses built up inventories at the strongest rate in four years.
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U.S. economic growth leapt ahead at  an upwardly revised 5.6 percent annual rate in the first  quarter, helped by lower imports than first thought and  generating strong corporate profits, the Commerce Department  said on Thursday.
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Increased spending by consumers and business helps US economic growth rise at a higher-than-predicted rate in the July to September period.
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The U.S. economy grew faster in the  second quarter than previously thought as business inventories  rose at the strongest rate in four years, the government said  on Wednesday, a sign the soft patch was not as soft as feared.
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TORONTO (CP) - Stock markets pushed higher Friday morning after a report that the US economy grew at a slower pace than had first been estimated by the government, but not as slow as some economists had expected.
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The US economy is gaining momentum, bolstered by home building, shipping, and even the beleaguered manufacturing sector, the Federal Reserve said yesterday in a newly upbeat assessment.
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The latest economic data point to an acceleration in the US economy after the weakest growth in over four years, but some analysts say a full recovery is not yet in sight.
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The U.S. economy continued its expansion over the past month, with labor market conditions improving and business lending on the rise, the Federal Reserve said on Wednesday.
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WASHINGTON - The US economy grew at a four per cent annual rate in the third quarter, slightly faster than the 3.9 per cent economists had been expecting.
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U.S. business productivity was  stronger than first thought in the first quarter and labor  costs were much better contained, the government said on  Thursday in a report that tempered inflation jitters in  financial markets.