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Article Summary
  • US economy grows at 2.8 percent pace in 3rd quarter
  • Consumer spending remains unchanged from first estimate
  • Business investment in equipment revised higher
  • Trade deficit estimate for the third quarter narrowed
  • Government spending revised lower Tone: Neutral
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Department
  NTD     4 hours ago
US Economy Grows At 2.8 Percent Pace In 3rd Quarter On Consumer Spending, Unchanged From First Estimate
WASHINGTONThe American economy expanded at a healthy 2.8 percent annual pace from July through September on strong consumer spending and a surge in exports, the government said Wednesday, leaving unchanged its initial estimate of third-quarter growth. The Commerce Department reported that growth in U.S. gross domestic productthe economy’s output of goods and servicesslowed from the ...
https://www.ntd.com/us-economy-grows-at-2-8-percen...
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