US economy grows at 2.8% pace in third quarter on consumer spending, unchanged from first estimate

Within the GDP data, a category that measures the economy’s underlying strength rose at a solid 3.2% annual rate from July through September, up from 2.7% in the April-June quarter. This category includes consumer spending and private investment but excludes volatile items like exports, inventories and government spending.

Leave a Comment

Leave a Reply

Your email address will not be published. Required fields are marked *