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Economic growth beats forecast; GDP gains 0.9 percent
Summary from United States, from articles in English
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NEW YORK - Stocks rose for the third-straight session Thursday as oil prices fell sharply and after the government reported that the economy grew last quarter at a faster pace than previously estimated. (article 3)
Personal spending, under scrutiny as a barometer of how consumers fare as the U.S. economy cools amid soaring energy costs and a slumping housing market, had risen by 0.4 percent the previous month. (article 2)
The U.S. economy grew more than previously estimated in the first quarter as Americans shunned imports and exports climbed to a record. (article 5)
The 0.9 percent gain at an annual pace in gross domestic product compares with an advance estimate of 0.6 percent, the Commerce Department said Thursday. (article 5)
The economy logged slightly better - but weak - growth in the first quarter, spurred by improved sales of U.S. products overseas. (article 4)
In fact, a closer look behind the 0.9 percent increase in the gross domestic product during the January-to-March period revealed much caution on the part of consumers who have been clobbered by the housing, credit and financial debacles. (article 4)
Consumers - major shapers of overall activity and thus the economy's lifeblood - boosted their spending at the slowest pace since the last recession, in 2001. (article 4)
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Other stories about Stocks, percent and index:
Event tracking:
Story keywords
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Stocks, percent, index, market, quarter |
Source articles
- Personal income, spending slows in April (seattletimes.nwsource.com, 05/30/2008, 743 words)
- April personal spending up, flat after inflation (Washington Post, 05/30/2008, 265 words)
- Stocks rise again as oil prices dip (seattletimes.nwsource.com, 05/30/2008, 321 words)
- ABC News: Economy's Growth Sees Slight Increase (ABCNews, 05/29/2008, 347 words)
- Economic growth beats forecast; GDP gains 0.9 percent (seattletimes.nwsource.com, 05/30/2008, 599 words)
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blaster@cs.columbia.edu
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