The U.S. economy contracted a bit faster than previously thought in the first quarter amid tepid consumer spending, ...

US consumer spending grew in the first quarter at the weakest pace since the onset of the pandemic on a sharp deceleration in outlays for a variety of services.

The US economy bounced back from the pandemic in stronger shape than previously estimated, spurred mainly by bigger consumer-driven growth fueled by robust incomes, according to revised government ...

The U.S. economy grew last quarter at a healthy 3% annual pace, fueled by strong consumer spending and business investment, the government said Thursday in an upgrade of its initial assessment.

US economic growth for last quarter is revised up to a solid 3 percent annual rate By PAUL WISEMAN Associated Press, Updated August 29, 2024, 3:51 p.m.

Gross domestic product increased at an upwardly revised 3.1% annualized rate, the Commerce Department's Bureau of Economic Analysis said in its third estimate of third-quarter GDP on Thursday.

Growth also was revised considerably higher in the first quarters of 2022 and 2023, which could amplify economists' concerns that difficulties adjusting the data for seasonal fluctuation was ...

The U.S. economy grew last quarter at a healthy 3% annual pace, fueled by strong consumer spending and business investment, the government said Thursday in an upgrade of its initial assessment.

WASHINGTON — The U.S. economy grew last quarter at a healthy 3% annual pace, fueled by strong consumer spending and business investment, the government said Aug. 29.

The US economy bounced back from the pandemic in stronger shape than previously estimated, spurred mainly by bigger consumer-fueled growth, according to revised government data. The comprehensive ...

Consumer spending, which accounts for about 70 percent of U.S. economic activity, rose at a 2.9 percent annual rate last quarter, up from 2.3 percent in the government's initial estimate. Business ...