GDP

A Ford F-150 pickup is assembled at a plant in Dearborn, Mich., on Sept. 27. The economy expanded at a 3.5 percent rate in the third quarter.

U.S. Economy Grew At A 3.5 Percent Rate In 3rd Quarter

5:11pm October 26, 2018

by Avie Schneider

That's slower than the second quarter's blockbuster 4.2 percent but puts the economy on pace for the fastest annual growth in 13 years.

Speaking at the White House, President Trump called Friday's report of 4.1 percent economic growth in the second quarter "amazing."

U.S. Economy Surges To A 4.1 Percent Growth Pace In 2nd Quarter

10:26am July 27, 2018

by Chris Arnold

A key measure of the economy's health showed a dramatic pickup, which President Trump called "amazing." But some analysts doubt the higher growth rate will last.

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Workers weld drawers on the assembly line at the Metal Box International toolbox factory in Franklin Park, Ill. Many analysts estimate that U.S. economic growth picked up in the second quarter.

How Fast Did The Economy Grow? Forecasts Are All Over The Place

2:01pm July 26, 2018

by Jim Zarroli

President Trump is eager to tout a fast-growing economy, boosted by the tax cuts he pushed through Congress. That makes Friday's report on gross domestic product a highly anticipated news event.

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Analysts expected consumer spending growth to slow in the first quarter, curbing overall economic growth.

U.S. Economic Growth Slowed To 2.3 Percent

9:15am April 27, 2018

by John Ydstie

Consumers didn't keep up with the blistering pace of spending, which meant slower economic growth. But recently, growth has tended to pick up momentum later in the year.

A shopper makes a purchase at the J.C. Penney store in North Riverside, Ill., Nov. 17. U.S. consumer spending grew in the fourth quarter at its fastest pace in three years.

U.S. Economy Grew At A Faster Pace Than Earlier Thought

12:35pm March 28, 2018

by John Ydstie

The Commerce Department revises its growth estimate upward to 2.9 percent for the fourth quarter. Consumer spending helped fuel the faster pace, but import purchases subtracted from growth.

U.S. GDP Beats Expectations, Growing At 3 Percent

1:08pm October 27, 2017

by Bill Chappell

Before catastrophic hurricanes hit the U.S., economists had been expecting an even stronger showing for the third quarter.

Cars on a dealer lot in Pittsburgh. Consumer spending helped drive economic growth in the 2nd quarter to more than double first quarter GDP.

Economy

U.S. Economy Grew At 2.6 Percent Rate In 2nd Quarter

4:20pm July 28, 2017

by John Ydstie

The economy staged a comeback from a tepid first quarter, but still fell short of the turbo-charged 3 percent growth rate promised by the Trump administration.

A cashier rang up a customer in Miami. Consumer spending accounts for roughly 70 percent of U.S. economic activity.

Economy

Why The 'Trump Bump' Hasn't Happened

3:32pm July 27, 2017

by John Ydstie

Friday's GDP report is expected to show a rebound from a weak first quarter. But the U.S. economy still isn't likely to sustain the 3 percent growth rate the Trump administration is promising.

White House Budget Director Mick Mulvaney speaks to the reporters about President Trump's proposed budget on Tuesday.

Trump Budget Plan Relies On Optimistic Growth Assumptions, Analysts Say

5:20pm May 23, 2017

by Yuki Noguchi

President Trump's proposed budget released Tuesday rests on a key assumption: The economy will grow much faster than it has in recent years — and at a more robust pace than most analysts predict.

The U.S. economy grew by just 0.7 percent in the first quarter of this year. Weak auto sales were one factor dragging down consumer spending. (Above) Chevrolet pickup trucks at a dealership in Delmont, Pa., in February.

GDP Grew Just 0.7 Percent In First Quarter Of 2017

10:58am April 28, 2017

by Laurel Wamsley

The Commerce Department report indicates the slowest economic growth in three years.