U.S. economic growth picked up slightly in the third quarter, rather than slowin...
WASHINGTON - U.S. economic growth picked up slightly in the third quarter, rather than slowing as initially reported, and there are signs the downturn in business investment could be drawing to a close.
The reports were released in the wake of data showing an acceleration in housing market activity early in the fourth quarter and a sharp decline in the goods trade deficit, as well as a solid pace of inventory accumulation by retailers. When measured from the income side, the economy grew at a 2.4% rate in the last quarter. Gross domestic income increased at a rate of 0.9% in the second quarter. The income side of the growth ledger accelerated despite a drop in profits.
The average of GDP and GDI, also referred to as gross domestic output and considered a better measure of economic activity, increased at a 2.3% rate in the July-September period, quickening from a 1.4% growth pace in the second quarter. A second report from the Commerce Department on Wednesday showed orders for non-defense capital goods excluding aircraft, a closely watched proxy for business spending plans, surged 1.2% last month, the largest gain since January, after falling 0.5% in September. These so-called core capital goods orders were boosted by increased demand for machinery, computers and electronic products and fabricated metals.
France Dernières Nouvelles, France Actualités
Similar News:Vous pouvez également lire des articles d'actualité similaires à celui-ci que nous avons collectés auprès d'autres sources d'information.
US GDP revised up to 2.1%, beating second quarterThe US economy grew faster than initially expected in the third quarter, revised GDP estimates from the Bureau of Labor Statistics showed Wednesday.
Lire la suite »
Trump’s Economy Is On The Cusp Of Negative GrowthWith some projections showing less than 1% GDP growth in the December quarter, a larger than normal change in trade or inventory could generate negative growth for the quarter.
Lire la suite »
Consumers fueled US economy in 3rd quarter as tariffs hit business investmentStrong consumer activity this summer partially offset the effects of an ongoing trade dispute between the two largest economies.
Lire la suite »
Dallas Fed President Robert Kaplan says the fourth-quarter economy is 'weak'“We think the 4th quarter is going to be weak,” Dallas Fed President Robert Kaplan tells steveliesman. Here are the structural issues he sees in the economy.
Lire la suite »
US GDP revised up to 2.1%, beating second quarterThe US economy grew faster than initially expected in the third quarter, revised GDP estimates from the Bureau of Labor Statistics showed Wednesday.
Lire la suite »