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2005-08-01 11:35:35

By Andrea Ricci NEW YORK (Reuters) - The U.S. factory sector grew more than expected in July, heralding a strong start for the economy in the third quarter, according to a survey released on Monday, while June housing data presented a mixed picture. The Institute for Supply Management's factory survey index rose to 56.6 in July from 53.8 in June. The median forecast of economists polled by Reuters put the index at 54.5. Strong growth in July was reported by industries dealing in such...

2005-07-29 18:01:22

By Glenn Somerville WASHINGTON (Reuters) - The U.S. economy grew at a solid 3.4 percent annual rate in the second quarter, setting the stage for steady second-half expansion as inventories fell and Midwest manufacturing picked up, government and industry reports on Friday showed. The quarterly report on gross domestic product, or GDP, showed core inflation well contained but analysts said there was enough price pressure after nine quarters of growth exceeding 3 percent to keep U.S....

2005-07-29 16:00:59

By Glenn Somerville WASHINGTON (Reuters) - The economy grew at a solid 3.4 percent annual rate in the second quarter, setting the stage for steady second-half expansion as inventories fell and Midwest manufacturing picked up, government and industry reports on Friday showed. The quarterly report on gross domestic product, or GDP, showed core inflation well contained but analysts said there was enough price pressure after nine quarters of growth exceeding 3 percent to keep interest rates...

2005-07-29 07:45:52

WASHINGTON (Reuters) - The U.S. economy grew solidly at a 3.4 percent annual rate in the second quarter, the government reported on Friday, just slightly below the first quarter's pace and with room to grow as stocks of unsold goods fell for the first time in two years. While second-quarter growth eased from a 3.8 percent rate in the first three months of the year, it nonetheless marked the ninth straight quarter in which gross domestic product or GDP increased at a rate exceeding 3...

2005-07-19 06:52:05

By Andrea Ricci NEW YORK (Reuters) - The U.S. economy will advance smartly in 2005 and 2006, powered by consumer and business spending, although the growth rate will be slower than last year's heady pace, economists forecast in a Reuters poll. "We are coming up on four years into an economic expansion, and I think the expansion has a little staying power," said Ken Mayland, president of ClearView Economics in Pepper Pike, Ohio. The poll of 32 economists, part of a quarterly Reuters survey...


Word of the Day
tesla
  • The unit of magnetic flux density in the International System of Units, equal to the magnitude of the magnetic field vector necessary to produce a force of one newton on a charge of one coulomb moving perpendicular to the direction of the magnetic field vector with a velocity of one meter per second. It is equivalent to one weber per square meter.
This word is named for Nikola Tesla, the inventor, engineer, and futurist.