US Economy Grows at 2.8% Pace in Third Quarter on Consumer Spending, Unchanged From First Estimate

(Photo by Drew Angerer/Getty Images)

WASHINGTON (AP) — The American economy expanded at a healthy 2.8% 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 product — the economy’s output of goods and services — slowed from the April-July rate of 3%. But the GDP report still showed that the American economy — the world’s largest — is proving surprisingly durable. Growth has topped 2% for eight of the last nine quarters.

(Copyright 2024 The Associated Press. All rights reserved.)

There is no custom code to display.