Paul Ashworth

4 results

Personal consumption was the strongest component of the GDP data, with spending increasing at an annualised rate of 11.8%, compared to 11.4% in the first quarter. Photograph: iStock

US economic growth rose slightly in the second quarter to 6.5 per cent on an annualised basis, a weaker-than-expected increase as strong consumption w(...)

The blow to the American consumer powering the economy was evident in a 7.6 per cent drop in personal consumption data, which marked the biggest decline since 1980. Photograph: AFP via Getty

The US economy shrank in the first quarter by its fastest rate since the 2008 financial crisis, ending the longest expansion on record as lockdowns ai(...)

The US economy created the fewest jobs in six months in March, as the boost from mild temperatures faded, but a pick-up in wage gains pointed to a tig(...)

Trading on the New York Stock Exchange on Friday. The Dow Jones Industrial Average and the Nasdaq Composite were trading at all-time peaks. Photograph: Michael Nagle/Bloomberg

US stocks and industrial commodities were riding high and the dollar held steady at the end of a week in which an outbreak of worries over forthcoming(...)