Growth last year was revised up to 2.9% from 2.5%, though the source of the adjustment was concentrated in the first half. GDP, while still robust, was revised down in the third and fourth quarters.

US Economic Growth for Last Quarter Is Revised up Slightly to a 1.4% Annual Rate WASHINGTON (AP) — The American economy expanded at a 1.4% annual pace from January through March, the slowest ...

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

Second-quarter GDP growth revised down to 2.1%; Consumer spending revised up; business investment pared; Corporate profits rebound in Q2; down year-on-year; Private payrolls increase 177,000 in August ...

By contrast, consumer spending, which fuels about 70% of economic growth, rose at a 2% annual rate, down from 2.5% in the first estimate and from 3%-plus rates in the previous two quarters.

US economic growth revised upward Share this: Click to share on Facebook ... “The GDP revisions show the U.S. economy was in good shape in mid-2024,” said Bill Adams, ...

U.S. economic growth was revised slightly higher in the final months of 2021, helping the nation record its best year for growth in nearly four decades before the omicron variant dampened consumer ...

Consumer spending, which accounts for about 70 percent of US economic activity, rose at a 2.9 percent annual rate last quarter. That was up from 2.3 percent in the government’s initial estimate.

U.S. economic growth was revised slightly higher in the third quarter, but still slowed sharply from the spring amid a surge of COVID-19 infections nationwide that forced consumers to pull back on ...

US economic growth for last quarter is revised up slightly to a 1.4% annual rate ... The US economy, the world’s biggest, has proved surprisingly resilient in the face of higher interest rates.