Economy Grows Faster Than Thought in 3Q
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The economy headed into the end of the year with good momentum, expanding at an annual rate of 4 percent in the third quarter, a faster clip than previously thought.
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Robust consumer spending on cars, furniture and food helped the US economy advance faster than first thought in the third quarter, a government report showed, while underlying inflation was the tamest in decades.
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The US economy accelerated in the third quarter as consumers rediscovered a penchant to spend, economists forecast the government to report this week.
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Britain's economy expanded by 0.8 percent in the third quarter of this year, according to official data published Friday.
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US productivity grew at a stronger-than-expected 3% in the last three months of 2006, figures show.
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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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WASHINGTON -- The economy snapped out of a sluggish spell and grew at a faster-than-expected 3.5 percent pace in the final quarter of last year as consumers ratcheted up spending despite a painful housing slump.
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The manufacturing sector grew at its quickest rate in three months in October although company costs rose faster than at any point in nearly a decade, a survey shows.
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The U.S. economy grew faster than first thought in third quarter on strong business investment, even as the housing sector posted its biggest decline in more than 15 years, the government said Wednesday.
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The U.S. economy grew at a slightly stronger rate than thought in the third quarter because imports were not as hefty as first estimated, the Commerce Department said on Wednesday, though corporate profits weakened.
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The latest snapshot shows an economy that has returned to a moderate economic expansion of about 3 percent. At this pace, the economy is not growing fast enough to create large numbers of jobs
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The U.S. economy grew at an annual rate of 3.3 percent in the spring, the government reported Wednesday. That was significantly better than a previous estimate but still the weakest showing in more than a year.
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The French economy expanded slightly faster than initially thought in the third quarter, figures showed Friday, raising hopes the official goal of at least 2.0 percent growth this year might be approached.
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The U.S. economy grew faster than first thought in the third quarter on strong business investment, even as the housing sector posted its biggest decline in more than 15 years, the government said Wednesday.
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Robust consumer spending on cars,  furniture and food in the third quarter helped the U.S.   economy advance more quickly than first thought, a government  report showed on Tuesday, while underlying inflation was the  tamest in decades.
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WASHINGTON  - The US economy grew at a brisker-than-expected 4.0 percent annual growth pace in the third quarter, the government said, raising hopes for a solid 2005.
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The U.S. economy grew at a slightly  stronger rate than thought in the third quarter because imports  were not as hefty as first estimated, the Commerce Department  said on Wednesday, though corporate profits weakened.