At the beginning of 2025, the U.S. economy faltered, experiencing its first contraction in three years. Faster-than-expected price increases and a dramatic increase in imports caused GDP to fall into ...
This figure contrasts with the 2.4% expansion observed in the fourth quarter of 2024. The Gross Domestic Product (GDP) of the United States suffered a contraction of less than 0.1% in the first three ...
The U.S. ISM Services PMI retreated to 49.9 in May from 51.6 in April, missing the 52.0 consensus, according to data released by the Institute for Supply Management on Wednesday. This marks the first ...
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US GDP rebounds 3.3% in Q2 as imports plunge after tariff surge, consumer activity firms up
The US economy staged a strong rebound this spring, recovering from its first contraction in three years as imports fell and consumer activity firmed. The Commerce Department reported Thursday that ...
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