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Economic Reports GDP

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  • WASHINGTON— The U.S. economy posted a solid rebound in the April-June quarter after a harsh winter, led by a surge in consumer spending and a recovery in foreign trade that bode well for the rest of the year. The Commerce Department said Thursday that the gross domestic product, the economy's total output of goods and services, grew at a 2.3 percent annual rate in the...

  • *Second-quarter GDP expands at 2.3 percent rate. WASHINGTON, July 30- U.S. economic growth accelerated in the second quarter as a pick-up in consumer spending offset the drag from soft business spending on equipment, suggesting a steady momentum that could bring the Federal Reserve closer to hiking interest rates this year. Gross domestic product expanded at a...

  • Q2 GDP up 2.3%, weekly jobless claims at 267,000 Thursday, 30 Jul 2015 | 8:30 AM ET
    Q2 GDP up 2.3%, weekly jobless claims at 267,000

    CNBC's Rick Santelli breaks down the latest numbers on unemployment and GDP. And CNBC's Steve Liesman adds perspective.

  • US govt: Years of growth weaker than we thought Thursday, 30 Jul 2015 | 8:30 AM ET
    An employee works on the assembly line at the General Motors Assembly Plant in Arlington, Texas.

    The government announces its annual revisions of the past three years and confirms a series of stories in CNBC raising questions about growth.

  • LONDON, July 30- The dollar jumped and stock markets around the world were left flat-footed on Thursday after the Federal Reserve painted a relatively bright picture of the U.S. economy, boosting bets that it will hike interest rates in September. Big name companies set to report include Colgate-Palmolive, Coca-Cola, Mondelez International before the bell and...

  • July 30- U.S. stock index futures were little changed on Thursday ahead of second-quarter gross domestic product numbers that will give clues regarding the health of the economy even as the Fed left the door open for a possible interest rate hike in September. The S&P 500 has bounced about 2 percent higher in the past two days following a near-3 percent drop over...

  • *Second-quarter GDP forecast to rise at 2.6 percent rate. WASHINGTON, July 30- U.S. economic growth likely accelerated in the second quarter as a pick-up in consumer spending and housing offset the drag from trade and the energy sector, suggesting a steady momentum that could bring the Federal Reserve closer to hiking interest rates this year.

  • *U.S. central bank keeps door open to September rate hike. TOKYO, July 30- The dollar firmed to a near one-week high on Thursday ahead of U.S. gross domestic product data that could reinforce expectations that the Federal Reserve is on track to raise interest rates as early as September. "We're seeing some pretty good follow-through, in terms of U.S. dollar-buying,...

  • TOKYO, July 30- Japan's factory output rose modestly in June after a big drop in the prior month, highlighting worries of a second-quarter economic slump as exports weaken and manufacturers are saddled with large inventories. Analysts expect the economy to bounce modestly in the current quarter, helped by a pick-up in private consumption as household incomes...

  • TOKYO, July 30- Japan's factory output rose modestly in June after posting a big drop in the prior month, highlighting worries of a possible contraction in the second quarter as exports slump and manufacturers are saddled with large inventories. Reflecting expectations of a gradual pick-up in factory activity ahead, manufacturers surveyed by the ministry...

  • TOKYO, July 30- The dollar held steady in cautious trade on Thursday, ahead of U.S. gross domestic product data that could reinforce or dent expectations that the Federal Reserve is on track to raise interest rates as early as September. The GDP report "may boost the appeal of the greenback and spark a further decline in EUR/USD as signs of a stronger recovery fuels...

  • GDP shows UK is back on track: Pro Tuesday, 28 Jul 2015 | 4:40 AM ET
    GDP shows UK is back on track: Pro

    U.K.'s second quarter GDP came in at 0.7% quarter-on-quarter, meeting expectations. Elizabeth Martins, chief UK economist at HSBC, reacts.

  • MOSCOW, July 28- Russia's gross domestic product shrank by 4.2 percent in June from a year earlier but the contraction was shallower than May's revised 4.8 percent fall, adding to signs the economy may have started to stabilise. Russia's growth prospects deteriorated sharply midway through last year, when an existing slowdown was compounded by Western...

  • MOSCOW, July 28- Russia's gross domestic product contracted by 4.2 percent in June compared with the same period a year earlier, and by 0.1 percent compared to the previous month in seasonally-adjusted terms, the Economy Ministry said on Monday. GDP fell by 4.8 percent year-on-year in May, the Economy Ministry said, citing revised figures. Russia's growth...

  • *June factory output -8.0 pct y/y, biggest fall since March 2014. BANGKOK, July 28- Thailand's finance ministry on Tuesday cut its economic growth forecast for the third time this year due mainly to shrinking exports, a big obstacle to the trade-dependent country regaining traction. Since then, growth targets for Southeast Asia's second-largest economy have...

  • China won't lead us out of this global slowdown: Pro Monday, 27 Jul 2015 | 1:08 PM ET
    China won't lead us out of this global slowdown: Pro

    Discussing China's economy and the impact it has on global markets with Peter Navarro, Professor of economics & public policy at University of California, Irvine, and David Riedel, Riedel Research Group, president & founder.

  • How should you China-proof your portfolio? Monday, 27 Jul 2015 | 12:44 PM ET
    How should you China-proof your portfolio?

    Sarat Sethi, Douglas C. Lane & Associates, and the "Fast Money Halftime Report" panel discuss how to play China.

  • US GDP to see a good bounce-back in Q2: Pro Sunday, 26 Jul 2015 | 6:10 PM ET
    US GDP to see a good bounce-back in Q2: Pro

    Paul Christopher, head of international strategy at Wells Fargo Investment Institute, expects the U.S. economy to expand 2.5 percent on-year in the April-June period.

  • Tilt your portfolio towards cyclicals: Pro Friday, 24 Jul 2015 | 10:09 AM ET
    Tilt your portfolio towards cyclicals: Pro

    Discussing the latest market action and the job market with Darrell Cronk, Wells Fargo Investment Institute chief investment officer; and Joseph Lavorgna, Deutsche Bank chief U.S. economist.

  • SEOUL, July 23- South Korea's economy recorded its weakest expansion in six years in the second quarter, battered by a deadly virus outbreak, dry weather and poor exports, adding pressure on lawmakers to swiftly pass a pending supplementary budget. The economy grew just 0.3 percent in April-June over the previous quarter, the Bank of Korea estimated on Thursday,...