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- Economic activity in the U.S. was considerably stronger than expected during the second quarter, boosted by a strong consumer, government spending and a sizeable inventory build, according to an initial estimate Thursday from the Commerce Department.
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Jul 25, 2024 · The U.S. economy is steaming ahead faster than economists had thought. The Gross Domestic Product (GDP), a measure of the nation’s economic output, grew at an annualized rate of 2.8% in...
Jul 25, 2024 · Economists surveyed by Dow Jones had been looking for growth of 2.1% following a 1.4% increase in the first quarter. Consumer spending helped propel the growth number higher, as did contributions...
Jul 25, 2024 · Consumer spending, the backbone of the U.S. economy, rose at a 2.3 percent annual rate in the second quarter — a solid pace, albeit much slower than in 2021, when businesses were reopening...
Jul 25, 2024 · WASHINGTON, July 25 (Reuters) - The U.S. economy grew faster than expected in the second quarter amid solid gains in consumer spending and business investment, but inflation pressures...
Jul 25, 2024 · The U.S. economy accelerated in the second quarter as consumers increased their spending, businesses invested more in equipment and stocked inventories, and inflation cooled.
Jul 27, 2023 · Consumer spending, which accounts for about two-thirds of economic output, grew at just a 1.6% rate in the second quarter, down sharply from a 4.2% rate in the first three months of the year.
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