US economy increases 3.7 percent in third quarter
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The US economy increased at an annual rate of 3.7 percent in the third quarter of this year, the Commerce Department said in a report released on Friday.
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South Africa's Gross Domestic Product rose 4.7 percent in the third quarter from the same period last year on the growth in the financial, real estate and services sectors, official data has shown.
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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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October 30, 2004 -- 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 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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The forecast came as the U.S. revised upward its estimate for third-quarter gross domestic product growth to a robust 3.9 percent from 3.7 percent.
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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 US economy was stronger than first thought in the three months to 30 September, revised figures show.
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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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The economy expanded by 3.0 percent during the first quarter of 2007 on a 12-month basis, official data showed on Friday.
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The U.S. economy expanded at a 3.7 percent annual rate in the third quarter, below expectations but still bolstered by healthy consumer spending that was accompanied by the lowest inflation in decades, the Commerce Department said on Friday.
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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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The economy revved up its engine in the third quarter and advanced at an annual rate of 4 percent -- faster than expected. The reading on gross domestic product, released Wednesday by the Commerce Department
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The US economy grew more quickly than previously thought in the three months to June, official figures suggest.
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The economy grew at a faster than expected annual pace of 3.0 percent during the first quarter of 2007, official data showed on Friday.
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Robust consumer spending on cars, furniture and food helped the U.S. 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 added a better-than-expected 132,000 jobs last month, official figures show.