by - May 30, 2024 12:11 pm
First quarter U.S. GDP revised down to 1.3%
The U.S. first quarter GDP (gross domestic product) was revised down from 1.6% to 1.3% in the “second estimate” posted Thursday (May 30) by the U.S. Bureau of Economic Analysis…
Tag: U.S. GDP
by - April 25, 2024 1:53 pm
First quarter U.S. GDP below estimates at 1.6%; report still shows ‘underlying strength’
The advance estimate of U.S. first-quarter real gross domestic product (GDP) grew at an annual rate of 1.6%, and the fourth quarter GDP was revised up to 3.4% from 3.3%,…
by - April 29, 2020 1:13 pm
U.S. GDP drops by 4.8% in the first quarter; full COVID impact not in the report
The initial estimate of the first quarter U.S. gross domestic product (GDP) fell at an annual rate of 4.8%, reflecting the first impacts of COVID-19 on the economy. The decline…
by - February 27, 2020 2:43 pm
Retail sector expects up to 4% growth in 2020, GDP dips in 2019
The National Retail Federation has forecast retail sales of roughly $3.9 trillion this year, growing between 3.5% and 4.1%, despite uncertainty from lingering trade concerns, coronavirus and the presidential election….
by - October 30, 2019 1:12 pm
‘Advance’ GDP shows U.S. economy continues to slow, Fed cuts funds rate by 0.25%
Although robust consumer spending continues to bolster the nation’s economy, real U.S. gross domestic product (GDP) in the third quarter grew at a lukewarm rate of 1.9%, down from the…
by - March 1, 2019 5:55 am
U.S. economy grows at slowest pace since early 2018, fourth quarter GDP at 2.6%
The nation’s economy in the fourth quarter grew at its slowest pace since the first three months of 2018 as consumer and business spending pushed real GDP growth to a…
by - August 29, 2018 3:21 pm
Second quarter GDP revised up to 4.2%, consumer confidence hits 18-year high
The U.S. economy expanded at a faster clip than previously thought in the second quarter as consumer confidence touched an 18-year high and tax-cut fueled corporate profits boosted business spending…
by - August 22, 2018 2:21 pm
St. Louis Fed: U.S. economy to see 3% GDP expansion in 2018
A consensus of Federal Reserve forecasters now expect the U.S. economy to expand at an annual rate of 3% in 2018 following the strong reading in the second quarter and…
by - May 30, 2018 1:44 pm
First quarter U.S. GDP growth revised downward to 2.2%, expectations remain robust
The U.S. economy advanced at a modest 2.2% in the first quarter of 2018 as expectations for sustained growth in 2018 have not lived up to Wall Street expectations. According…
by - April 27, 2018 10:07 am
U.S. GDP slows to 2.3% on weak consumer spending, fewer housing purchases as interest rates spike
The nation’s economy fell in the first quarter of 2018 as weak consumer spending and fewer housing purchases pushed real gross domestic product (GDP) growth to the lowest level in…
by - March 28, 2018 12:28 pm
U.S. GDP growth revised to 2.9% in fourth quarter of 2017; slightly below 3Q expansion
The nation’s economic picture ended 2017 with slower-than-expected growth as strong consumer purchasing habits, robust housing sales and brisk year-end government spending were mostly offset by a downturn in capital…
by - March 1, 2018 11:21 am
U.S. GDP growth holds steady in fourth quarter at 2.5%
The nation’s general economic picture held steady in the fourth quarter of 2017 as strong consumer spending, fixed investments and government outlays picked up in the months heading into the…
by - December 21, 2017 12:24 pm
Consumer spending, corporate profits lift U.S. third quarter GDP growth revised to 3.2%
Consumer spending and strong business investment lifted real gross domestic product (GDP) in the third quarter at an annual rate of 3.2%, according to the third estimate released Thursday (Dec….
by - November 29, 2017 2:25 pm
GDP jumps to three-year high at 3.3%; consumers confident ahead of Christmas
The nation’s real gross domestic production (GDP) grew at a faster clip than previously thought as business investment and state and local government spending boosted the U.S. economy in the…
by - September 28, 2017 3:38 pm
Revised second quarter GDP jumps 3.1%, Fed chief says rate hikes still likely
The nation’s economy grew at a solid 3.1% in the second quarter, experiencing the strongest lift in real gross domestic product (GDP) since the first quarter of 2015, according to…
by - August 30, 2017 12:29 pm
U.S. economy boosted by second quarter consumer spending, GDP rises to 3%
The U.S. economy grew at a solid rate of 3% in the second quarter of this year, the strongest advance in real gross domestic product growth since the first quarter…
by - January 27, 2017 12:43 pm
U.S. economy slows to 1.9% growth in fourth quarter, yearly GDP at lowest level since 2011
The U.S. economy expanded at a weak 1.9% in the fourth quarter as exports of U.S. goods saw a big drop and federal government spending declined at the end of…
by - July 29, 2016 9:22 am
U.S. GDP inches forward to 1.2% growth in second quarter, still well below forecast
The U.S. economy crept forward in the second quarter of 2016 as consumer spending saw a slight uptick due to more Americans in the labor pool and growth in personal…
by - April 28, 2016 11:30 am
U.S. economy slows to fragile 0.5%, weakest growth in two years
U.S. business growth decelerated for the third straight quarter in the first three months of 2016 as the current outlook for a broad economic expansion is now in question as…