Pace of EconomyÂs Growth Is Revised Upward
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The U.S. economyÂs third-quarter slump was not as bad as first estimated, but indicators suggest a steeper decline is coming soon.
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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 grew an annualized 0.2 percent in the July-September quarter, not the 0.3 percent stated in the preliminary report last month, the government said Wednesday after tweaking the nation&#39;s gross domestic product under a new calculation method.
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The economy grew at a slower pace than previously thought during the second quarter, official data has shown.
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The U.S. economy grew at an annual rate of 4 percent in the second quarter, as strong business investment led the fastest pace of expansion since early last year, the government reported on Thursday.
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The US economy performed better than first expected in the three months to 30 September, revised figures show.
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The index of leading economic indicators edged higher in September, suggesting the economy might grow at a modest pace despite a worsening housing slump.
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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 is showing signs of  faster growth, according to reports released on Monday on the  Midwestern and New York City economies and U.S. personal  income.
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An important US economic measure moved higher in November for the first time in nearly half a year. The index of leading economic indicators, forecasting activity in the coming months, rose 0.2 points from
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The country&#39;s economy has accelerated, carried by strong household and government spending, to reach its fastest annual pace in nearly four years, official figures show.
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U.S. economic growth picked up in the fourth quarter, according to a government report Wednesday that showed an economy stronger than expected for the last three months of hte year.
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The International Monetary Fund revises up its global growth forecast because of growth in China, India and Russia.
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WASHINGTON - 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 US economy grew at a 3.9 percent annual pace from July through September, faster than initially estimated last month, as consumers spending strengthened.
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The expansion unexpectedly accelerated last month to the highest level in more than a year, a sign the economy is strengthening.
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A gauge of future economic activity edged higher in September, suggesting the economy may continue to trudge forward at a modest pace despite a worsening housing slump.