GDP data show U.S. economic growth tapering to 1.9% in third quarter
WASHINGTON - The U.S. economy expanded at a mild 1.9% annual pace in the third quarter, decelerating slightly from the spring owing to a decline in business investment and smaller increases in consumer and government spending. Economists polled by MarketWatch had forecast gross domestic product to slow to 1.6% from 2% in the second quarter. Consumer spending, the main engine of growth, rose a healthy 2.9%, but it was down from 4.6% in the spring.
Businesses investment in structures sank 15% and spending on equipment dropped nearly 4%. Government spending also increased by a smaller 2% compared to 4.8% in the second quarter. In a surprise, inventory levels were barely changed. The change in the value of unsold goods slipped to $69 billion from $69.4 billion. Residential investment also added to GDP with a 5.1% increase - the first in seven quarters. Trade was a slight drag. Exports rose 0.7%, but imports rose a somewhat faster 1.2%.
México Últimas Noticias, México Titulares
Similar News:También puedes leer noticias similares a ésta que hemos recopilado de otras fuentes de noticias.
Fed set to cut rates, GDP report, Apple earnings: 3 things to watch in Wednesday's marketsInvestors will brace for a slew of market-moving events on Wednesday with the Fed's rate decision, key GDP reading and earnings from Apple and Facebook.
Leer más »
Why GDP is likely to show a more wobbly U.S. economy in the third quarterThe massive U.S. economy was unable to escape any harm from a trade war with China and a deteriorating global outlook during the summer. Growth likely slowed...
Leer más »
US GDP rose a better-than-expected 1.9% in the third quarter as the consumer continued to spendU.S. gross domestic product — the broadest measure of the U.S. economy — was forecast to rise at a 1.6% annualized rate in the third quarter.
Leer más »
US GDP rose a better-than-expected 1.9% in the third quarter as the consumer continued to spendU.S. gross domestic product — the broadest measure of the U.S. economy — was forecast to rise at a 1.6% annualized rate in the third quarter.
Leer más »
U.S. Economy Grew at 1.9% Rate in Third QuarterThe pace of U.S. economic growth slowed slightly during the third quarter as business investment declined, although solid consumer spending and an improvement in the housing sector kept economic growth on track.
Leer más »
Why GDP is likely to show a more wobbly U.S. economy in the third quarterThe massive U.S. economy was unable to escape any harm from a trade war with China and a deteriorating global outlook during the summer. Growth likely slowed...
Leer más »