FYI: Strong consumer spending powered economic growth in the third quarter, helping to offset weak business investment and a drop in U.S. exports.
Gross domestic product—the value of all goods and services produced in the U.S.—rose at a seasonally and inflation-adjusted annual rate of 3.5% from July through September, the Commerce Department said Friday.
Economists surveyed by The Wall Street Journal expected a 3.4% reading.
Regards,
Ted
https://www.wsj.com/articles/u-s-economy-grew-at-3-5-rate-in-third-quarter-1540557378?mod=hp_lead_pos1
