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Gross domestic product increased at an upwardly revised 3.1% annualized rate, the Commerce Department's Bureau of Economic Analysis said in its third estimate of third-quarter GDP on Thursday.
US economic growth last quarter is revised down from 1.6% rate to 1.3%, but consumers kept spending ... which fuels about 70% of economic growth, rose at a 2% annual rate, down from 2.5% in the ...
US economic growth was even stronger in the third quarter than previously estimated, ... was revised up to a growth rate of 1.3% in the third quarter from a decline of 0.1%. Residential investment ...
A GDP category that measures the economy’s underlying strength rose at a healthy 2.9% annual rate, up from 2.6% in the first quarter. This category includes consumer spending and private investment but excludes volatile items such as exports, inventories and government spending.
Consumer spending, which accounts for about 70% of U.S. economic activity, rose at a 2.9% annual rate last quarter, up from 2.3% in the government's initial estimate. Business investment expanded at a 7.5% rate, led by a 10.8% jump in investment in equipment.
800-290-4726 more ways to reach us. ... revised up from the previously reported 3.2% pace, the Commerce Department's Bureau of Economic Analysis said in its third estimate of fourth-quarter GDP. ...
US economic growth revised lower for first quarter; jobless claims edge up. May 30, 2024 at 8:49 AM ... The downward revision to GDP brings the first-quarter's growth rate to the lowest since the ...
The first quarter's GDP growth marked a sharp pullback from a strong 3.4% pace during the final three months of 2023. US economic growth for last quarter is revised up slightly to a 1.4% annual ...