Exports boost US economic growth US economic growth picks up 2 weeks ago   00:46

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The US economy is performing strongly. GDP grew at its fastest pace in two years between July and September - up by 2.9 percent from the same period last year, a big increase on the 1.4 percent pace in the second quarter.

There was a surge in exports and companies built up their inventories after running them down in the second quarter.

That offset a slowdown in consumer spending, which accounts for more than two-thirds of US economic activity. It increased at a 2.1 percent rate, down from th…
READ MORE : http://www.euronews.com/2016/10/28/the-us-economy-expanded-at-a-29-percent-rate-in-the-third-quarter-it-was-the-final-reading-of-gdp-growth-before-november-s-election

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US economic growth picks up Exports boost US economic growth 2 weeks ago   01:01

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There was good news for the US economy on Thursday as predicted GDP for the second quarter this year increased at an annual rate of 2.3 percent.

The "advance" estimate from the "Bureau of Economic Analysis":http://www.bea.gov/newsreleases/national/gdp/gdpnewsrelease.htm also revised the first quarter figure from a slight decrease to a slight increase of 0.6 percent.

The Bureau said the increase in the second quarter reflected positive contributions from personal
consumption, exports, state and…
READ MORE : http://www.euronews.com/2015/07/30/us-economic-growth-picks-up

euronews business brings you latest updates from the world of finance and economy, in-depth analysis, interviews, infographics and more

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