US economic growth revised up
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The US economy was stronger than first thought in the three months to 30 September, revised figures show.
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The latest economic data point to an acceleration in the US economy after the weakest growth in over four years, but some analysts say a full recovery is not yet in sight.
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The US economy grew at a strong pace of 4.0 percent in the second quarter, the government said Thursday in a revised estimate of gross domestic product for the April-June period.
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The U.S. economy grew at a 2.9  percent annual pace in the second quarter, faster than  originally reported but less of an upward revision than  expected, as higher business investment offset a drop in  residential construction, a Commerce Department report showed  on Wednesday.
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The economy grew at a faster than expected annual rate during the second quarter of 2007, official data showed on Wednesday.
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New Zealand has revised its growth forecasts upwards as reports out showed the economy was withstanding the current downturn better than expected.
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US stocks rose this week after reports showed the economy grew faster than expected in the second quarter and manufacturing expanded in September for a 16th straight month.
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U.S. economic growth leapt ahead at  an upwardly revised 5.6 percent annual rate in the first  quarter, helped by lower imports than first thought and  generating strong corporate profits, the Commerce Department  said on Thursday.
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U.S. economic activity expanded from mid-April through May, with some regions reporting stronger growth, the Federal Reserve said on Wednesday.
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US economic growth picked up in the third quarter, fuelled by strong consumer spending, official figures show.
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Increased spending by consumers and business helps US economic growth rise at a higher-than-predicted rate in the July to September period.
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The US economy increased at an annual rate of 4 percent in the third quarter of this year following a rate of 3.3 percent in the previous quarter, the Commerce Department reported on We dnesday.
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Stocks rose on Friday after a  government report showed the U.S. economy added twice the  number of jobs than had been expected last month in a positive  sign for economic growth.
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The US economy performed better than first expected in the three months to 30 September, revised figures show.
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The US economy grew at a 4% annual pace in the third quarter of 2004, a little faster than earlier estimated, the latest government figures show today.
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Britain&#039;s economy has grown by more than previously thought in the first three months of the year, while annual numbers for 2001-2005 were also adjusted upwards, official data showed.
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US Federal Reserve officials are growing more confident about the economic outlook. The economy, which grew at a 3.9 per cent annualised rate in the third quarter and is expanding