Business ; US Economic Growth Revised Up in 3rd Quarter
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Commerce said the value of imports, which subtracts from GDP, grew at a 4.6 percent rate in the third quarter instead of 6.0 percent it estimated a month earlier.
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The US economy expanded at an annual rate of 3.7 per cent in the third quarter, which is below expectations. However, the Commerce Department says the rate has been bolstered by healthy consumer spending accompanied by the lowest inflation in decades.
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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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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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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 expanded at a 3.7 percent annual rate in the third quarter, below expectations but still bolstered by healthy consumer spending that was accompanied
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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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US business productivity grew more slowly in the third-quarter than first thought, a government report showed on Tuesday, with other economic indicators also painting a mixed picture for growth.
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The US economy increased at an annual rate of 4 percent in the third quarter of this year following a rate of 3.3 percent in the previous quarter, the Commerce Department reported on We dnesday.
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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 Commerce Department Wednesday said its final report, or third reading, on gross domestic product showed the economy expanded at a revised annualized rate of 4.0%.
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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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Business activity in the U.S. Midwest  grew in September at a faster-than-expected rate, hinting that  the economy is climbing out of its summer slow patch, a report  showed on Thursday.
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The US 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
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U.S. stocks rose on Wednesday as the government raised its estimate of third-quarter economic growth, while shares of Exxon Mobil Corp.  and telecoms advanced on expectations of solid profits.
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The U.S. economy grew at a 2.9   percent annual pace in the second quarter, faster than   originally reported but less of an upward revision than   expected, as higher business investment offset a drop in   residential construction, a Commerce Department report showed   on Wednesday.
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The economy &#151; helped out by more brisk consumer and business spending &#151; grew at an annual rate of 3.9 percent in the third quarter, a performance that was stronger than previously thought.