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Oct 30, 2014

Trade, defence spending buoy U.S. third-quarter growth

WASHINGTON (Reuters) – A smaller trade deficit and a surge in defense spending buoyed U.S. economic growth in the third quarter, but other details of Thursday’s report hinted at some loss of momentum in activity.

Gross domestic product grew at a 3.5 percent annual rate, the Commerce Department said on Thursday, beating economists’ expectations for a 3.0 percent pace.

Oct 30, 2014

Businesses, trade to support U.S. third-quarter growth

WASHINGTON (Reuters) – A robust pace of business spending likely buoyed U.S. economic growth in the third quarter, a sign corporate chieftains have confidence in the sustainability of the recovery.

Gross domestic product likely grew at a 3.0 percent annual pace, according to a Reuters survey of economists, with housing, trade, government and consumers also lending support.

Oct 28, 2014

U.S. capital spending falls; consumer spending robust

WASHINGTON (Reuters) – Demand for U.S.-made capital goods recorded its biggest drop in eight months in September and the pace of house price gains moderated in August, suggesting some cooling in economic growth in the third quarter.

The economy, however, remains on solid ground as other data on Tuesday showed consumer confidence jumped to a seven-year high in October.

Oct 28, 2014

U.S. business spending weakens despite upbeat sentiment

WASHINGTON (Reuters) – A key gauge of capital goods orders by U.S. businesses recorded its biggest drop in eight months in September, but the surprise decline was likely to be temporary as business sentiment has been upbeat in recent months.

The Commerce Department said on Tuesday non-defense capital goods orders excluding aircraft, a closely watched proxy for business spending plans, fell 1.7 percent last month.

Oct 27, 2014

U.S. services sector growth slows, pending home sales miss forecast

WASHINGTON (Reuters) – U.S. services sector activity dipped to a six-month low in October, while manufacturing output in Texas dipped, pointing to some moderation in economic growth early in the fourth quarter.

Other data on Monday showed contracts to buy previously owned homes rebounded less than expected in September, an indication that the housing recovery remains gradual.

Oct 24, 2014

U.S. new home sales at six-year high; recovery still fragile

WASHINGTON (Reuters) – Sales of new U.S. single-family homes rose to a six-year high in September, but a sharp downward revision to August’s sales pace indicated the housing recovery remains tentative.

The Commerce Department said on Friday that sales increased 0.2 percent to a seasonally adjusted annual rate of 467,000 units, the highest reading since July 2008. August’s sales rate was revised down to 466,000 units from 504,000 units.

Oct 23, 2014

U.S. jobless claims data point to firming labor market

WASHINGTON (Reuters) – The number of Americans filing new claims for unemployment benefits rose last week, but the underlying trend firmly pointed to strengthening labor market conditions.

Initial claims for state unemployment benefits increased 17,000 to a seasonally adjusted 283,000 for the week ended Oct. 18, the Labor Department said on Thursday.

Oct 22, 2014

U.S. inflation muted in September as energy costs drop

WASHINGTON (Reuters) – U.S. consumer prices rose marginally in September, painting a weak inflation picture that should give the Federal Reserve ample room to keep interest rates low for a while.

The Labor Department said on Wednesday its Consumer Price Index edged up 0.1 percent last month as a rise in food and shelter costs offset a decline in energy prices.

Oct 22, 2014

U.S. consumer prices rise on shelter costs, but inflation muted

WASHINGTON (Reuters) – U.S. consumer prices rose marginally in September, painting a weak inflation picture that should give the Federal Reserve ample room to keep interest rates low for a while.

The Labor Department said on Wednesday its Consumer Price Index edged up 0.1 percent last month as a rise in food and shelter costs offset a broad decline in energy prices.

Oct 21, 2014

U.S. existing home sales hit one-year high, prices up

WASHINGTON, Oct 21 (Reuters) – U.S. home resales jumped to
their highest level in a year in September, the latest
indication that the housing market recovery is gradually getting
back on track.

The National Association of Realtors said on Tuesday
existing home sales rose 2.4 percent to an annual rate of 5.17
million units, the strongest reading since September of last
year.