Second-Quarter Growth Revised to 3% in Momentum Boost
U.S. second-quarter growth was revised upward to the fastest pace in two years on stronger household spending and a bigger gain in business investment, putting the economy on a stronger track, Commerce Department data showed Aug. 30.
August 30, 2017US Economic Growth Rebounds, but Breaking Out Is Hard to Do
The U.S. economy’s second-quarter rebound puts the expansion back on its familiar, steady path more than it heralds anything new and exciting.
July 28, 2017US Economic Growth Not So Bad After Revisions to Spending, Investment
The U.S. economy’s first quarter wasn’t so miserable after all, as consumption contributed more to growth and business investment was even stronger than thought, Commerce Department data showed May 26.
Economy Expands at Slowest Pace in Three Years
The U.S. economy expanded at the slowest pace in three years as weak auto sales and lower home-heating bills dragged down consumer spending, offsetting a pickup in investment led by housing and oil drilling.
Economy Grew 1.9% in Fourth Quarter, Unchanged From Early Estimate
The U.S. economy grew in the fourth quarter at a 1.9% pace, unchanged from an initial estimate, as slower investment by businesses and state and local agencies offset stronger household purchases.
US Economic Growth Cools on Biggest Trade Drag Since 2010
U.S. economic growth slowed last quarter more than forecast on the biggest drag from trade in six years and more moderate consumer spending. However, business investment picked up, which may be a harbinger for faster expansion in 2017.
US Economic Growth Revised Up to 3.5% Pace in Third Quarter
The U.S. economy expanded more than previously reported last quarter on bigger contributions from a range of factors such as services spending, intellectual property and construction by state and local governments.
US Economy Expanded More Than Previously Reported on Sunnier Consumer Spending
The U.S. economy expanded last quarter more than previously reported on a sunnier picture of household spending, the primary growth engine.
US Economic Growth Rebounds on Inventory, Export Boost
U.S. economic growth picked up in the third quarter after an uninspiring first half of the year as a build in inventories and a soybean-related jump in exports helped cushion softer household spending.
Smaller US Trade Deficit Adds to Chances of Bigger GDP Rebound
Tracking estimates of third-quarter U.S. growth are rising because of a shrinking merchandise trade deficit, though a drop in September imports shows a step back in underlying demand in the economy.