Sun. Sep 20th, 2020

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

Earlier:

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.

Continue reading…America’s economy grew faster than thought in July-September, despite the trade war with ChinaLatest: US growth revised up to 2.1% (annualised)John Deere profit warningStoxx 600 index at highest since 2015FTSE 100 hits two-month highEarlier:Chinese factory profits plunge 9.9%Worst monthly slide since 2011 (apart from Jan-Feb) 1.52pm GMTThe 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 GMTIn 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. Continue reading…