US EditionU.S. economic growth accelerated to a 4.3% annual rate last quarter, exceeding expectations
Growth was driven by a 3.5% rise in consumer spending and an 8.8% increase in exports, offsetting import declines amid post-shutdown recovery, the Commerce Department reported.
- On Tuesday, the Bureau of Economic Analysis published gross domestic product data showing United States real GDP rose 4.3% annualized in the third quarter, beating the 3.3% forecast and topping the second-quarter 3.8% gain.
- The Congressional Budget Office said the record-long government shutdown lowered real GDP while ongoing and growth "will be temporarily higher than it would have been otherwise" as the economy rebounds, with tariff announcements altering imports and causing first quarter swings.
- Recent agency reports show the Bureau of Labor Statistics recently reported unemployment at its highest rate since September 2021 while inflation cooled, and the BEA will publish an updated third-quarter GDP estimate on January 22.
- Mark Hamrick, Bankrate's senior economic analyst, said next year will bring better clarity, and Federal Reserve Chair Jerome Powell said the baseline would be solid growth next year.
- Fourth-Quarter estimates may be affected by the recent record-long government shutdown and tariff-driven import effects, causing volatile swings in measured growth.
97 Articles
97 Articles
US Economic Growth Is Surprisingly Robust
The US economy expanded at a surprisingly strong 4.3% annual rate in the third quarter as consumer spending, exports, and government spending all grew, per the AP . That's way higher than the 3.2% expected by economists polled in the Wall Street Journal . US gross domestic product from July...
US Economy Showcases Robust Growth Amid Persistent Inflation
US Economy Showcases Robust Growth Amid Persistent Inflation The US economy experienced a significant surge with a 4.3% annual growth rate in the third quarter, outperforming expectations and marking the most rapid expansion in two years. Consumer spending, government investment, and robust export activity drove this growth, according to the Commerce Department.Despite this positive development, inflation continues to exceed the Federal Reserve'…
The US economy showed robust growth in the third quarter, with a long-delayed government report showing GDP grew 4.3 percent year-on-year.
The Gross Domestic Product (GDP) of the United States grew more than expected in the third quarter. According to data from the Department of Commerce of the superpower, the economy grew 4.3% compared to the 3.3% expected. “This is a very solid fact, although with a considerable delay. Still, the signals of a resilient consumer before the disruption caused by the confinement are a reassuring signal and bond operators are taking advantage of it,” …
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