Government, Business

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.

Sho Chandra | Bloomberg News
March 28, 2018
Government, Business

US Fourth-Quarter Growth Revised Down to 2.5% Annual Pace

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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.

Katia Dmitrieva | Bloomberg News
February 28, 2018

Economy Doing Just Fine But 3% Growth Still a Challenge

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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

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

US 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, 2017

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

Second-Quarter Growth Revised to 3% in Momentum Boost

Trucks parked for night at a local Pilot Truck Stop in Franksville, Wisc., a suburb of Milwaukee. 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

US Economic Growth Rebounds, but Breaking Out Is Hard to Do

Truck Sunset 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

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.

Michelle Jamrisko | Bloomberg News
May 26, 2017

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.

Shobhana Chandra | Bloomberg News
April 28, 2017