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The US economy expanded in the third quarter at the fastest pace in two years, bolstered by resilient consumer and business spending and calmer trade policies. Inflation-adjusted gross domestic product, which measures the value of goods and services produced in the US, increased at a 4.3%...
The U.S. economy grew by more than previously projected in the second quarter, fueled by an upward revision in consumer spending. U.S. gross domestic product, an indicator of growth in the world’s biggest economy, expanded by 3.8% during the April to June period, according to the third and final...
The US economy expanded at a faster pace in the third quarter than previously estimated, owing in part to to stronger consumer spending and exports. Gross domestic product increased at a 3.1% annualized rate in the third quarter, the third estimate of the figures from the Bureau of Economic...
The US Bureau of Economic Analysis announced on Thursday that it revised the annualized real Gross Domestic Product (GDP) growth for the first quarter to 1.4% from 1.3% in the previous estimate. This revision came in line with the market expectation. "The increase in real GDP primarily reflected...
The US economy grew at a slower pace in the first quarter than initially reported, reflecting softer-than-expected consumer spending. Gross domestic product rose 1.3% annualized in the first three months of the year, below the previous estimate of 1.6%, Bureau of Economic Analysis figures...
U.S. economic growth slowed more than expected in the first quarter, but an acceleration in inflation suggested that the Federal Reserve would not cut interest rates before September. Gross domestic product increased at a 1.6% annualized rate last quarter, the Commerce Department's Bureau of...
The United States' Gross Domestic Product (GDP) grew at an annual rate of 3.4% in the fourth quarter, the US Bureau of Economic Analysis (BEA) said in its final estimate on Thursday. The BEA reported in its previous estimate that the real GDP growth was 3.2%. "The update primarily reflected...
The United States' Gross Domestic Product (GDP) grew at an annual rate of 3.2% in the fourth quarter, the US Bureau of Economic Analysis (BEA) said in its second estimate on Wednesday. The BEA reported in its advanced estimate the real GDP growth was 3.3%. "The update primarily reflected a...
Initial applications for US unemployment insurance rose last week by less than forecast, remaining near historic lows and indicating the labor market remains resilient as companies seek to retain employees. First-time claims for benefits climbed by 2,000 to 205,000 in the week ended...
The U.S. economy grew at its fastest pace in nearly two years in the third quarter as higher wages from a tight labor market helped to power consumer spending, again defying dire warnings of a recession that have lingered since 2022. Gross domestic product increased at a 4.9% annualized rate last...
The U.S. economy maintained a fairly strong pace of growth in the second quarter, the government confirmed on Thursday, and appears to have gathered momentum this quarter amid a resilient labor market. Gross domestic product increased at an unrevised 2.1% annualized rate last quarter, the...
The government’s two main measures of US economic activity accelerated in the second quarter, reinforcing a picture of a resilient economy that’s showing signs of picking up steam. Gross domestic product rose at a downwardly revised 2.1% annualized pace in the second quarter, below...
US economic growth unexpectedly picked up steam in the second quarter, boosted by stronger-than-forecast consumer spending and robust business investment. Gross domestic product rose at a 2.4% annualized rate after a 2% pace in the previous three months, the Commerce Department’s initial...
The number of Americans filing new claims for unemployment benefits rose moderately last week and the prior week's data was revised sharply lower, suggesting persistent labor market strength. Initial claims for state unemployment benefits increased 4,000 to a seasonally adjusted 229,000 for the...
US economic growth slowed in the first quarter by more than expected as tepid business investment and a pullback in inventories tempered a pickup in consumer spending. Gross domestic product rose at a 1.1% annualized rate on the back of the strongest consumer spending in nearly two years,...
U.S. economic growth eased, albeit by slightly less than expected, in the last three months of 2022, in a sign of the impact the Federal Reserve's recent monetary policy tightening cycle is having on household and business spending. The world's biggest economy expanded by 2.9% on an annualized...
The U.S. expanded at an annual 3.2% annual rate in the third quarter, a more robust pace of growth than previously reported, revised government figures show. The latest revision paints a similar picture of an economy expanding at a slower pace compared to last year, but not on the cusp of...
The US economy grew at a solid pace in the third quarter, marking the first advance this year as consumers proved resilient in the face of widespread inflation and the Federal Reserve’s rapid interest-rate hikes. Gross domestic product rose at a 2.6% annualized rate in the July to...
Ekonomi AS mengalami kontraksi pada laju yang lebih moderat daripada yang diperkirakan pada kuartal kedua karena belanja konsumen mengurangi beberapa hambatan dari laju akumulasi persediaan yang lebih lambat, menghilangkan kekhawatiran bahwa resesi sedang berlangsung. Itu digarisbawahi oleh...
Ekonomi AS menyusut untuk dua kuartal berturut-turut karena inflasi yang tinggi selama beberapa dekade melemahkan belanja konsumen dan kenaikan suku bunga Federal Reserve yang cukup besar menghalangi investasi bisnis dan permintaan perumahan. Produk domestik bruto (GDP) turun 0,9% pada...
