The dollar inched up on Friday as investors digested a speech from Federal Reserve Chair Janet Yellen.
WASHINGTON, Aug 26- U.S. economic growth was slightly more tepid than initially thought in the second quarter as businesses aggressively ran down inventories, offsetting a spurt in consumer spending. Gross domestic product expanded at a 1.1 percent annual rate, the Commerce Department said on Friday in its second estimate of GDP. "The very slight downward...
*Second-quarter GDP growth revised down to 1.1 percent rate. WASHINGTON, Aug 26- U.S. economic growth was a bit more sluggish than initially thought in the second quarter as businesses aggressively ran down stocks of unsold goods, offsetting a spurt in consumer spending. Gross domestic product expanded at a 1.1 percent annual rate, the Commerce Department said...
US TREASURIES STEADY AFTER GDP DATA, 10- YEAR NOTES YIELD 1.568 PERCENT.
CNBC's Rick Santelli breaks down the latest data on economic growth and trade balance.
WASHINGTON, Aug 26- U.S. economic growth was a bit more sluggish than initially thought in the second quarter as businesses aggressively ran down stocks of unsold goods, offsetting a spurt in consumer spending. Gross domestic product expanded at a 1.1 percent annual rate, the Commerce Department said on Friday in its second estimate of GDP.
WASHINGTON— The U.S. economy expanded at a sluggish 1.1 percent pace this spring as businesses sharply reduced their stockpiles of goods and spent less on new buildings and equipment. Friday's estimate is slightly below the Commerce Department's previous figure of 1.2 percent growth as measured by gross domestic product, the broadest gauge of the economy.
WASHINGTON— The Commerce Department issues its revised estimate for the economic growth that occurred between April and June at 8:30 a.m. Eastern. :Analysts forecast that gross domestic product, the broadest measure of the economy, increased at a 1.1 percent annual rate in the second quarter, according to a survey by the data firm FactSet.
LONDON, Aug 26- Sterling hovered near a three-week high against the dollar on Friday, with traders awaiting the second reading of UK growth figures amid receding worries over the impact of Britain's shock vote to leave the European Union. Second-quarter gross domestic product data was being eyed for direction-- though it only covers a week of the...
LONDON, Aug 25- Sterling edged down from a three-week high against the dollar on Thursday but traded just above $1.32, with worries over the economic impact of Britain's vote to leave the European Union having eased a touch after better-than-expected data. "Although economic data from the UK economy has displayed signs of stability, consequently questioning...
BERLIN, Aug 24- Higher exports, state spending and private consumption drove a 0.4 percent expansion in German gross domestic product in the second quarter, more than offsetting weaker investment by companies in Europe's biggest economy, data showed on Wednesday. Confirming a preliminary reading for growth, the Federal Statistics Office said net foreign...
The U.S. budget deficit is expected to grow to $590 billion in fiscal year 2016.
PUBLIC DEBT TO REACH NEARLY 77 PCT OF GDP BY END OF 2016, THE HIGHEST RATIO SINCE 1950.
Economic policy around the world is finally attuned, making a "synchronized global economic bounce" more likely, says strategist Jim Paulsen.
The euro zone economy accelerated marginally in August, according to Markit's euro zone composite PMI, which came in at a seven-month high.
BERLIN, Aug 22- Travel and tourism will contribute less than previously forecast to the economies of France, Turkey and Brazil this year, hit by attacks, political and economic turmoil, though globally the sector is resilient, the World Travel and Tourism Council said. Islamist militant attacks in Paris, Brussels and Nice have resulted in lower demand for travel...
A closer look at these numbers shows that the economic recovery was never viable, says financial advisor Michael Pento.
The Philippines was Asia's fastest growing economy in Q2, based on the government's announcement of 7.0 percent annual expansion in April-June.
Philippines GDP rates will moderate, although the economy is still a bright spot in a region of sluggish growth, says Oxford Economics' Sian Fenner.
Goldman Sachs Japan's Kathy Matsui says Japan's trade surplus is still in positive territory which is keeping the yen stubbornly strong.