GDP News Updates

Government

Consumer Spending in Third Quarter Paces 2% Economic Growth

The U.S. economy expanded at a revised 2% annualized rate in the third quarter, buoyed by consumer spending as businesses struggled to sell to overseas customers battered by sluggish growth.

December 22, 2015
Government

Economic Growth Cools as US Companies Rein in Inventories

The U.S. economy expanded at a slower pace in the third quarter as companies took advantage of gains in consumer and business spending to reduce bloated stockpiles.

October 29, 2015
Government

Economy Picks Up on Consumer Spending, Construction

The world’s largest economy expanded more than previously forecast in the second quarter, boosted by gains in consumer spending and construction that may help the United States withstand a global slowdown.

September 25, 2015
Government

GDP Rises 2.3% in Second Quarter; First Quarter Revised Upward

The world’s largest economy expanded at a faster pace in the second quarter and managed to eke out a gain at the start of the year, painting a picture of incremental progress consistent with the Federal Reserve’s view.

July 30, 2015
Government

Consumers Help GDP Contract Less Than Last Estimated

The world’s largest economy shrank in the first quarter, just not as much as previously estimated, with the help of a bigger gain in consumer spending.

June 24, 2015
Government

Economy Shrank in First Quarter as Trade Deficit Surged

The world’s largest economy hit a bigger ditch in the first quarter than initially estimated, held back by harsh winter weather, a strong dollar and delays at ports.

May 29, 2015
Government

Economy Stalls on Slump in Business Spending, Exports

The economy in the U.S. barely grew in the first quarter, buffeted by slumps in business investment and exports after oil prices plunged and the dollar surged.

April 29, 2015
Government

Fourth-Quarter GDP Rises Less Than Prior Estimate

The economy in the U.S. expanded at a slower pace in the fourth quarter than previously reported, restrained by a smaller gain in stockpiles and widening trade gap.

February 27, 2015
Government

Economy Grows by Most in a Decade on Consumer-Spending Gain

The world’s largest economy surged in the third quarter, expanding at the fastest pace in more than a decade, as U.S. consumers and businesses spent more than previously estimated.

December 23, 2014
Government

U.S. Economy Expands 3.9%, More Than Previously Estimated

The economy expanded more than previously estimated in the third quarter, reflecting bigger gains in consumer spending and business investment, and capping the strongest six months of growth in a decade.

November 25, 2014