Expanding economy confirmed
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With the economy continuing to rank as a top factor in the upcoming election, the latest &quot;beige book&quot; confirms that economic activity continued to expand through early October.
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Manufacturing activity marked its 18th straight month of expansion in November, a research group reported today, and the rate of growth was faster than economists had expected.
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The national and state economies continue to expand, giving the Federal Reserve room for further interest rate increases, said Mike Helmar, who follows North Carolina for Economy.
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India is now growing faster than nearly any other sizeable economy in the world.
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It&#39;s the fastest-growing economy in Europe, in the fifth year of a boom that has seen gross domestic product climb by over a third since 1999.
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BEIJING -- China's booming economy grew even faster last year than originally thought, the government said yesterday, as authorities made public another measure meant to rein in the growth they fear could create problems.
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China's sizzling economy expanded by a stunning 11.9 percent in the second quarter from a year ago, the government said Thursday, and announced it would take new steps to cool the boom.
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Economies in developing Asia are expected to expand 7.7 percent this year, higher than the 7.2 percent initially projected, thanks to booming growth in China and India, the Asian Development Bank said Wednesday.
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Chileâs economy expanded at the fastest pace in two years in the second quarter, bolstering expectations that the central bank will continue to raise interest rates to prevent accelerating growth and consumer demand from stoking inflation. The economy expanded 6.1 percent from a year earlier, the central bank reported on its Web site, the biggest expansion since 6.3 percent growth in the first quarter of 2005.
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The nationâs service economy expanded at a faster-than-expected clip in June, a research group said Thursday.
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NEW YORK -- The nation's service economy expanded at a faster-than-expected pace in June, a resesarch group said Thursday suggesting soaring gas prices and inflation aren't dampening strength in industries such as banking, retail and travel.
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There's more to growth than just a high growth rate.
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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 expanded at its  fastest rate in four years during the third quarter, the  government confirmed on Thursday, though it has slowed sharply  since and is expected to keep doing so in 2008.
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Manufacturing and industrial output grew faster than analysts  expected in May, official figures show.
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Job growth is reaching its peak, confirming that economic activity is slowing from its earlier brisk pace to a more sustainable rate.
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The increase is intended to add wealthy customers as the nation grows more affluent.