Mon. Jan 25th, 2021

US economic growth rate revised up to 2.1% – business live

America’s economy grew faster than thought in July-September, despite the trade war with China


1.52pm GMT

The latest US jobless data is also stronger than expected.

Just 213,000 Americans signed on for unemployment benefit last week, down from 228,000 in the previous seven days.

1.51pm GMT

In a further boost, US durable goods orders jumped by 0.6% in October.

That’s much better than the 0.5% contraction which economists expected, following a 1.4% decline in September.

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