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.
March 28, 2018GDP
Government, Business
aymondclarkeimages/Flickr
Economic Growth Revised Higher on Spending, Inventories
aymondclarkeimages/Flickr
Government, Business
Getty Images
US Fourth-Quarter Growth Revised Down to 2.5% Annual Pace
Getty Images
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.
February 28, 2018
Business
Getty Images
Economy Doing Just Fine But 3% Growth Still a Challenge
Getty Images
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, 2018
Government, Business
Hampha Bouaphanh/Fort Worth Star-Telegram
4Q GDP Growth Less Than Expected, but Trucking Outlook Still Good
Hampha Bouaphanh/Fort Worth Star-Telegram
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, 2018
Business
dalioPhoto/Flickr
US Growth at Above-Forecast 3% on Consumers and Businesses
dalioPhoto/Flickr
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, 2017
Business
Brent Lewin/Bloomberg News
US Second-Quarter Growth Revised Upward to 3.1% Annual Pace
Brent Lewin/Bloomberg News
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
Business
IAmMr200/Getty Images
Second-Quarter Growth Revised to 3% in Momentum Boost
IAmMr200/Getty Images
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, 2017
Government, Business
David C. Worley Jr./Flickr
US Economic Growth Rebounds, but Breaking Out Is Hard to Do
David C. Worley Jr./Flickr
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, 2017
Government
Tim Rue/Bloomberg News
US Economic Growth Not So Bad After Revisions to Spending, Investment
Tim Rue/Bloomberg News
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.
May 26, 2017
Government
Marcel Schoenhardt/Flickr
Economy Expands at Slowest Pace in Three Years
Marcel Schoenhardt/Flickr
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.
April 28, 2017