Welcome Guest to Happi

Subscribe Free: Magazine | eNewsletter

current issue September 2014
 •  Fashion Week: News You Need to Know  •  The Latest Launch from Lipo  •  Birchbox Partners With AmEx on 'Online's Day Off'  •  Innospec Adds On to Surfactants  •  Bed, Bath & Beyond Picks Up Whip-it Cleaner
Print

US Economy Expanded in Q4



Published April 4, 2013
Related Searches: growth business contract ink
Post a comment
Here’s hoping that red ink is erasable. The US economy actually grew in the fourth quarter of 2012—but just barely—instead of contracting for the first time in three and a half years, according to the Commerce Department.

The US expanded at a 0.1% annual rate in the last three months of 2012, better than the initially reported 0.1% drop but well below the third quarter’s 3.1% pace. Stronger residential construction and an improvement in net exports pushed growth into positive territory. It offset a bigger decline in government spending than previously suggested as well as a sharper deceleration in the buildup of business inventories, according to the Commerce Department.







 


blog comments powered by Disqus