Monday, December 18, 2017
 
 
News: Page (1) of 1 - 10/27/11 Email this story to a friend. email article Print this page (Article printing at MyDmn.com).print page facebook
US economy grew 2.5 percent in Q3
US economy grew 2.5 percent in 3rd quarter, helped by stronger consumer and business spending
By The Associated Press

WASHINGTON (AP) ' The U.S. economy grew modestly over the summer after nearly stalling in the first six months of the year, lifted by stronger consumer spending and greater business investment.

The Commerce Department says the economy expanded at an annual rate of 2.5 percent in the July-September quarter. That's nearly double the 1.3 percent growth in the April-June quarter, and a vast improvement over the anemic 0.9 percent growth for the entire first half of the year.

While 2.5 percent growth is enough to ease recession fears, it's far below what's needed to lower painfully high unemployment. Analysts project similar growth for the October-December quarter.



Consumers spent at an annual rate of 2.4 percent ' triple the rate of spring. They spent more on cars, clothing and health care, and utilities.


Page: 1


 
 
 
 
 
 
 
 
 
 
 





Our Privacy Policy --- About The U.S. Daily News - Contact Us - Advertise With Us - Privacy Guidelines