Growth Accelerates

The U.S. economy grew at an annualized rate of 3.2% in the fourth quarter of 2010, following a 2.6% expansion in the third quarter. Consumer spending advanced 4.4%, the highest quarterly pace in more than four years. Purchases of durable and nondurable goods each grew at double-digit rates. The economy received an additional lift by a turnaround in spending on new homes: after falling at an annualized 28% in the third quarter, expenditures grew 3.4% in the fourth. A sharp decline in imports in the final three months of the year, following three consecutive...

This information is only available to Chemical Week subscribers.

Forgot your user ID or password?
Click here to have it sent to you.

Email Address First Name Last Name

Not an IHS Chemical Week 24/7 member yet? Here's why you should be: Searchable online archive access of the last 2 years of Chemical Week. Print or digital magazine subscription Price and market change alerts Economic data and statistics Buyers' Guides Webcasts | whitepapers