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US Growth Revised to 3.1% on Stronger Consumer Spending, Exports
The US economy expanded at a faster pace in the third quarter than previously estimated, owing in part to to stronger consumer spending and exports. Gross domestic product increased at a 3.1% annualized rate in the third quarter, the third estimate of the figures from the Bureau of Economic Analysis showed Thursday. That compared to a previous projection of 2.8%. Consumer spending was marked up to a 3.7% pace — the fastest since early 2023 — boosted by stronger outlays on services. Exports expanded by 9.6% in the July-to-September period, up from 7.5% in the prior estimate. That was also entirely due to services. ... (full story)
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- Dec 19, 2024 12:49pm Dec 19, 2024 12:49pm
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teprewitt23 - Joined Sep 2023 | Status: Trader | 98 Comments
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- Posted: Dec 19, 2024 11:10am
- Submitted by:Category: Fundamental AnalysisComments: 1 / Views: 6,283
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