U.S. economic growth edged up as expected in the third quarter, but not enough to chip away at high unemployment or change perceptions of more monetary easing from the Federal Reserve next week.
Gross domestic product expanded at a 2.0% annual rate as consumer spending rose at its quickest pace since 2006 and businesses continued to [...]
Posts Tagged ‘consumer spending’
Consumer spending lifts U.S. growth
November 17th, 2010 by Financial Writer
Tags: bank, barack obama, borrow, borrowing, borrowing costs, business, business inventories, businesses, buyers, central bank, commerce department, consumer, consumer spending, Debt, deficit, democratic, economic, economic activity, economic growth, economist, economists, economy, energy, exports, fed, Federal Reserve, Florida, gdp, government, government spend, increase, inflation, interest rate, interest rates, inventories, Invest, investment, monetary, mortgage, obama, president, rate, spending, unemployment, us
more...U.S. Economy Grew 2.4% in Second Quarter, Below Forecast
July 30th, 2010 by Financial Writer
Growth in the U.S. slowed to a 2.4 percent annual rate in the second quarter, less than forecast, reflecting a larger trade deficit and an easing in consumer spending.
The increase in gross domestic product compared with a median forecast of 2.6 percent of economists surveyed by Bloomberg News and follows an upwardly revised 3.7 percent [...]
Tags: business, business investment, commerce department, consumer spending, economists, global recovery, investment, us manufactured
Slow growth of UK economy is likely to be as good as it gets
July 12th, 2010 by Financial Writer
Official figures show recession was deeper than believed and double-dip downturn is a real threat
On the face of it, today’s official bulletin on the state of the economy was a bit of a damp squib. The delay in publishing the third estimate of growth in the first three months of 2010 had raised speculation that [...]
Tags: bank of england, consumer spending, economists, european union, financial system, inflation, interest rates, recession, uk economy, unemployment
Wall Street Traders Return and Start Buying
July 6th, 2010 by Financial Writer
Traders returned to Wall Street on Tuesday from a long holiday weekend and promptly began to buy.
Shares in Europe and Asia were also higher as investors tried to recover losses that piled up after a string of disappointing economic reports.
The jump as investors looked past a report that growth in services businesses slowed last month. [...]
Tags: bank of england, bank stock, businesses, consumer spending, Dow Jones Industrial, economic growth, economic reports, economists, european central bank, investors, Nasdaq composite, wall street, world economic
U.S. Stocks Fluctuate on G-20 Deficit Pledge, Consumer Spending
June 28th, 2010 by Financial Writer
U.S. stocks swung between gains and losses as a bigger-than-forecast rise in consumer spending and a pledge by Group of 20 leaders to cut deficits offset smaller- than-estimated growth in personal incomes.
Transocean Ltd., the company that leased the Deepwater Horizon drilling rig in the Gulf of Mexico to BP Plc, advanced after the British oil [...]
Tags: commerce department, consumer spending, debt crisis, Dow Jones Industrial, economic recovery, european economy, financial leaders, Global Economy, us stocks
Manufacturing in U.S. Expands Faster Than Forecast
June 1st, 2010 by Financial Writer
Manufacturing in the U.S. expanded in May for a 10th month as factories boosted payrolls to keep up with rising sales here and abroad.
The Institute for Supply Management’s manufacturing gauge fell less than forecast to 59.7 from 60.4 in April, which was the highest level in almost six years. Readings greater than 50 point to [...]
Tags: consumer spending, debt crisis, economic recovery, euro zone, european economy, financial, inventory, stock market, us consumer, us economy, us exporters, us manufactured
Business Spending Propels Recovery
May 1st, 2010 by Financial Writer
The U.S. economy grew at a slower pace in the first quarter, but the underlying trends—including a bigger share of growth from industry, strong consumer spending and low inflation—were encouraging.
The nation’s gross domestic product, the value of all goods and services produced, grew at an annual rate of 3.2% after climbing 5.6% in the fourth [...]
Tags: business, commerce department, consumer spending, Dow Jones Industrial, economy, economy recovery, us economy, USA, wall street
China’s economic growth accelerated to 7.9 per cent from a year earlier
July 16th, 2009 by Financial Writer
China’s economic growth accelerated to 7.9 per cent from a year earlier in the second quarter amid a stimulus-fuelled surge in consumer spending, factory output and investment, the government reported Thursday.
The growth rate for the world’s third-largest economy was up from the previous quarter’s 6.1 per cent, the National Bureau of Statistics reported. The government’s [...]
Tags: Chinese economy, consumer spending, inflation, National Bureau of Statistics