Growth of 3.2% Tops Forecasts on Trade, Inventory Boost
Economic growth accelerated in the first quarter on a big boost from inventories and trade that offset slowdowns in consumer and business spending, with President Donald Trump touting the report as much stronger than expected.
GDP Declines in 4Q, Reflecting Consumer, Government Spending
U.S. economic growth cooled by more than initially reported last quarter on revisions to consumer and government spending, signaling mounting challenges to the expansion as it nears a record duration.
GDP Grows 3.5% on Consumer Spending
The U.S. economy expanded at a 3.5% pace in the third quarter as consumers opened their wallets, businesses restocked inventories and governments boosted spending, marking the strongest back-to-back quarters of growth since 2014.
US Growth Cools to 2.3% While Compensation Costs Accelerate
U.S. economic growth cooled last quarter as consumers pulled back after outsize spending in the prior period, though solid business investment cushioned some of the weakness and employee-compensation costs accelerated amid a tight job market.
Economic Growth Revised Higher on Spending, Inventories
The U.S. economy grew in the fourth quarter at a faster pace than last estimated, helped by an upward revision to household spending on services and a smaller drag from inventories, according to Commerce Department data released March 28.
US Fourth-Quarter Growth Revised Down to 2.5% Annual Pace
The U.S. economy’s growth rate last quarter was revised slightly downward as inventories subtracted more than previously estimated, Commerce Department data showed Feb. 28.
Economy Doing Just Fine But 3% Growth Still a Challenge
Despite fourth-quarter U.S. growth missing forecasts, the world’s largest economy is doing just fine. The latest results also underscore just how challenging it will be to reach President Donald Trump’s goal of a sustained 3% pace.
January 26, 20184Q GDP Growth Less Than Expected, but Trucking Outlook Still Good
The U.S. economy expanded at a slower-than-projected pace in the fourth quarter on drags from trade and inventories, offsetting strength in consumer spending and business investment that signals solid momentum entering 2018.
January 26, 2018US Growth at Above-Forecast 3% on Consumers and Businesses
The U.S. economy expanded at a faster pace than forecast in the third quarter, indicating resilient demand from consumers and businesses even with the hit from hurricanes Harvey and Irma, Commerce Department data showed Oct. 27.
October 27, 2017US Second-Quarter Growth Revised Upward to 3.1% Annual Pace
U.S. second-quarter growth was revised up slightly without altering the bigger picture of a consumer- driven economy that also got a healthy contribution from business spending during the period, Commerce Department data showed Sept. 28.
September 28, 2017