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Thursday, 30 October 2014

Trade, defense buoy U.S. economy, but some weakness creeps in

Thanksgiving Day holiday shopper carries a discounted television to the checkout at the Target retail store in Chicago By Lucia Mutikani WASHINGTON (Reuters) - A smaller trade deficit and surge in defense spending buoyed U.S. economic growth in the third quarter, but domestic demand slipped, hinting at some loss of momentum. Gross domestic product grew at a 3.5 percent annual pace, the Commerce Department said on Thursday. However, the pace of growth in business investment, housing and consumer spending slowed from the second quarter. ...








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