Consumer spending, the primary driver of the economy, grew last quarter at a 2.8% pace, down slightly from the 2.9% rate the government had previously estimated. Business investment was also solid: It increased at a vigorous 8.3% annual pace last quarter, led by a 9.8% rise in investment ...
Economists polled by LSEG projected anannual growth rate of 3%in the second quarter, after the second advance read came in at 2.8% in July. The report also revised first-quarter GDP growth to 1.6%, up from 1.4% in the prior reading. That comes after the economy grew 3.4% in the fourth...
US economy growing at fastest rate for six yearsAmerican recovery highlights slow pace of Europe's return to growthMoore, James
The nation’s economy expanded at a robust 4.9% annual rate from July through September as Americans defied higher prices, rising interest rates and widespread forecasts of a recession to spend at a brisk pace.
US GDP Growth Rate table by year, historic, and current data. Current US GDP Growth Rate is 5.04%.
Thursday’s report from the Commerce Department said the gross domestic product — the economy’s total output of goods and services — decelerated from its sizzling 4.9% growth rate the previous quarter. But the latest figures still reflected the surprising durability of the wo...
"The composition of growth was one of the better mixes that we have observed in some time," said Joseph Brusuelas, chief economist at RSM. The report "tends to support the idea that the American economy is in the midst of a productivity boom which over the medium term will lift living ...
economy surged in the April-June quarter to an annual growth rate of 4.1 percent. That's the fastest pace since 2014, driven by consumers who began spending their tax cuts and exporters who rushed to get their products delivered ahead of retaliatory tariffs. President Donald Trump told ...
Fueled by vaccinations and government aid, the U.S. economy grew at a solid 6.5% annual rate last quarter in another sign that the nation has achieved a sustained recovery from the pandemic recession.
The US Inflation Rate is the percentage in which a chosen basket of goods and services purchased in the US increases in price over a year. Inflation is one of the metrics used by the US Federal Reserve to gauge the health of the economy. Since 2012, the Federal Reserve has targeted a ...