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LATEST US DATA

Stronger consumer spending pushes Q4 GDP growth to 1.4%

Corporate profits down for second straight quarter, hit by strong dollar and cheap oil

37649733 - 05_03_2016 - US-U.S.-ECONOMY-ADDS-242,000-JOBS-IN-FEBRUARY.jpg
US economic growth slowed in the fourth quarter of 2015, but not as sharply as previously estimated, with fairly strong consumer spending offsetting the drag from efforts by businesses to reduce an inventory overhang.

Washington

US economic growth slowed in the fourth quarter of 2015, but not as sharply as previously estimated, with fairly strong consumer spending offsetting the drag from efforts by businesses to reduce an inventory overhang.

Gross domestic product increased at a 1.4 per cent

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