Journal of Commerce--The U.S. economy expanded at an annual rate of 2.5 percent in the third quarter, spurred by increased personal consumption, inventories, exports and business investment in new equipment.
The increase in real GDP topped the 2.4 percent consensus of economists in separate surveys by Bloomberg and Dow Jones, and was up from the 2 percent in a preliminary Commerce Department estimate last month. GDP rose at an annual rate of 1.7 percent in the second quarter. Read more!
The increase in real GDP topped the 2.4 percent consensus of economists in separate surveys by Bloomberg and Dow Jones, and was up from the 2 percent in a preliminary Commerce Department estimate last month. GDP rose at an annual rate of 1.7 percent in the second quarter. Read more!
