(MENAFN- AFP) The US economy grew more than expected in the third quarter, according to revised data from the Commerce Department on Tuesday.
In the July-to-September quarter, gross domestic product -- the broad measure of the economy's output of goods and services -- rose at an annual rate of 2.1 percent, stronger than the 1.5 percent pace initially estimated. GDP growth was stronger than analysts' projections, with the consensus at a 2.0 percent rate.
Legal Disclaimer:
MENAFN provides the information “as is” without warranty of any kind. We do not accept any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information contained in this article. If you have any complaints or copyright issues related to this article, kindly contact the provider above.