NEW YORK — The U.S. economy is on track to grow at a 2.2% annualized rate in the third quarter, the Atlanta Federal Reserve's GDP Now forecast model showed Sept. 30, following data that showed a surprise drop in construction spending in August.
October 3, 2016Government
Economy Expanded at Revised 1.4% Rate in Second Quarter
The U.S. economy expanded more in the second quarter than previously estimated, reflecting a smaller drag from business spending on structures and equipment.
September 29, 2016Government
Revised Second-Quarter Figures Show 1.1% GDP Growth
The U.S. economy grew less than previously reported last quarter on lower government outlays and a bigger depletion of inventories, capping a sluggish first-half performance propped up mainly by consumer spending.
August 26, 2016Government
Economy Grew Less-Than-Forecast 1.2% in Second Quarter
The U.S. economy expanded less than forecast in the second quarter after a weaker start to the year than previously estimated as companies slimmed down inventories and remained wary of investing amid shaky global demand.
July 29, 2016Government
First Quarter US Economic Growth Exceeds Previous Estimate
The world’s largest economy expanded more than previously projected in the first quarter as improved performance in trade and business investment more than made up for weaker consumer spending.
June 28, 2016Government, Business
US Economy Grew Faster Than Anticipated in First Quarter
The U.S. economy expanded at a slightly faster pace in the first quarter than previously estimated, as gross domestic product rose at a 0.8% annualized rate in the three months ended in March.
May 27, 2016Government
Economy Expands at Slowest Pace in Two Years
The U.S. economy expanded in the first quarter at the slowest pace in two years as American consumers reined in spending and companies tightened their belts in response to weak global financial conditions and a plunge in oil prices.
April 28, 2016Government
Economy Grew 1.4% in Fourth Quarter, Supported by Consumers
The U.S. economy grew in the fourth quarter at a faster pace than previously estimated, supported by stronger household spending that is helping cushion the expansion from weakness overseas.
March 25, 2016Government
Economy Expands at Faster Pace Than Expected in Fourth Quarter
The U.S. economy unexpectedly expanded at a faster pace in the fourth quarter than estimated, reflecting a higher value of business inventories.
February 26, 2016Government
Economic Growth Cools as American Consumers Temper Spending
The U.S. economy expanded at a slower pace in the fourth quarter as households tempered spending and businesses cut back on capital investment and adjusted inventories.
January 29, 2016