4th-Qtr Economic Growth Slows, Inflation Up
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The U.S. economy grew at a weaker-than-expected 3.1 percent annual pace in the final quarter last year, its slowest since the beginning of 2003 as the country's trade performance deteriorated and inflation picked up, a government report on Friday showed.
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The U.S. economy grew overall during  June through mid-July but some regions reported slowing  activity, and there were scattered reports of rising prices,  the Federal Reserve said on Wednesday.
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The nation's economy grew at its slowest pace in more than a year in the second quarter, weighed down by rising energy prices and slipping exports.
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WASHINGTON -- Growth in worker productivity slowed sharply in the summer while wages and benefits rose at a rate that was far below a previous estimate, a development likely to ease inflation worries at the Federal Reserve.
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The U.S. economy grew at a softer pace than first estimated in the final three months of last year as businesses slowed production to work off inventories and consumers spent less.
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Nationwide, consumer spending rose slowly, the residential housing market weakened further and energy prices soared, the Federal Reserve reported today.
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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, but a closely watched inflation gauge unexpectedly accelerated, data showed showed on Thursday.
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Latest data points to sluggish growth while bond investors fear inflation.
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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 but slightly better than previously estimated, data showed  on Thursday.
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The service sector of the economy showed slower growth in January, as the rate of expansion in both employment and inflation pressures softened, the Institute for Supply Management said Thursday.
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The economy logged decent but slower growth in the early summer as some consumers tightened their belts. Despite high energy prices, overall inflation remained fairly moderate.
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The economy grew at a 3.8 percent annual rate in the April-to-June quarter, slightly less robust than a previous estimate of a 4 percent growth rate.
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The U.S. economy continued to grow  in the final weeks of the fourth quarter but the pace of  activity slackened amid subdued holiday spending and a weak  housing sector, the Federal Reserve said on Wednesday.
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KENOSHA, Wisconsin  - Federal Reserve policy-makers on Friday said inflation remained a risk to the U.S. economy, even as data showing factory activity falling for the first time in 3-1/2 years indicated growth was slowing.
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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, but a closely watched inflation gauge  unexpectedly accelerated, data showed showed on Thursday.
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The economy is still caught between slowing growth and stubborn inflation pressures, new government reports showed yesterday.
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Economic growth this year will slow to 6 to 6.5 per cent as consumer and investor confidence deteriorates due to higher oil prices and expectations of interest-rate hikes, the National Economic and Social Development Board (NESDB) said yesterday.