Lucia's Feed
Jul 30, 2014

U.S. economy back on track with strong second-quarter rebound

WASHINGTON (Reuters) – The U.S. economy rebounded sharply in the second quarter as consumers stepped up spending and businesses restocked, putting it on course to close out the year on solid footing.

Gross domestic product expanded at a 4.0 percent annual rate after shrinking at a revised 2.1 percent pace in the first quarter, the Commerce Department said on Wednesday.

Jul 30, 2014

U.S. economy bounces back strongly in second quarter

WASHINGTON, July 30 (Reuters) – U.S. economic growth
accelerated more than expected in the second quarter and the
decline in output in the prior period was less steep than
previously reported, bolstering views for a stronger performance
in the last six months of the year.

Gross domestic product expanded at a 4.0 percent annual rate
as activity picked up broadly after shrinking at a revised 2.1
percent pace in the first quarter, the Commerce Department said
on Wednesday.

Jul 30, 2014

U.S. economy rebounds strongly in second quarter

WASHINGTON (Reuters) – U.S. economic growth accelerated more than expected in the second quarter and the decline in output in the prior period was less steep than previously reported, which could bolster views for a stronger performance in the last six months of the year.

Gross domestic product expanded at a 4.0 percent annual rate as activity picked up broadly after shrinking at a revised 2.1 percent pace in the first quarter, the Commerce Department said on Wednesday.

Jul 30, 2014

Economy seen regaining muscle in second quarter

WASHINGTON (Reuters) – U.S. economic growth likely regained steam in the second quarter as activity picked up broadly, which would bolster expectations for a stronger performance in the last six months of the year.

Gross domestic product likely grew at a 3.0 percent annual rate after shrinking at a 2.9 percent pace in the first quarter, according to a Reuters survey of economists.

Jul 30, 2014

U.S. economy seen regaining muscle in second quarter

WASHINGTON, July 30 (Reuters) – U.S. economic growth likely
regained steam in the second quarter as activity picked up
broadly, which would bolster expectations for a stronger
performance in the last six months of the year.

Gross domestic product likely grew at a 3.0 percent annual
rate after shrinking at a 2.9 percent pace in the first quarter,
according to a Reuters survey of economists.

Jul 29, 2014

U.S. seen maintaining solid pace of jobs growth in July

WASHINGTON (Reuters) – U.S employment growth likely retained enough momentum in July to help buoy the economy for the rest of the year.

Nonfarm payrolls probably increased by 233,000 this month, according to a Reuters survey of economists. That would be a step down from June’s hefty increase of 288,000 jobs and the monthly average of 272,000 jobs gained in the second quarter.

Jul 29, 2014

Renting drives U.S. homeownership to 19-year low

WASHINGTON (Reuters) – Homeownership in the United States hit a 19-year low in the second quarter as tight finances continued to drive Americans toward renting, one of the lasting legacies of the recession.

The seasonally adjusted homeownership rate fell to 64.8 percent, the lowest level since the second quarter of 1995, the Commerce Department said on Tuesday.

Jul 28, 2014

Preview – Consumer spending, inventories seen lifting U.S. second-quarter GDP

WASHINGTON (Reuters) – U.S. economic growth likely rebounded in the second-quarter from a winter-induced slump at the start of the year and will probably continue to gather momentum through the rest of 2014.

Gross domestic product likely grew at a 3.0 percent annual rate, according to a Reuters survey of economists, lifted by an acceleration in both consumer spending and stock accumulation by businesses.

Jul 28, 2014

Consumer spending, inventories seen lifting U.S. second-quarter GDP

WASHINGTON (Reuters) – U.S. economic growth likely rebounded in the second-quarter from a winter-induced slump at the start of the year and will probably continue to gather momentum through the rest of 2014.

Gross domestic product likely grew at a 3.0 percent annual rate, according to a Reuters survey of economists, lifted by an acceleration in both consumer spending and stock accumulation by businesses.

Jul 25, 2014

U.S. durable goods orders rebound, core capital goods rise

WASHINGTON (Reuters) – Orders for long-lasting U.S. manufactured goods rose more than expected in June, pointing to momentum in the economy heading into the third quarter.

The Commerce Department said on Friday durable goods orders increased 0.7 percent as demand increased from transportation to machinery and computers and electronic products.