US economy grows at solid 2.8% pace in third quarter on consumer spending, exports, unchanged from initial estimate
- The American economy grew at a solid 2.8% annual pace in the third quarter, driven by strong consumer spending and exports, as reported by the government on Wednesday.
- Consumer spending, which represents about 70% of U.S. Economic activity, accelerated to a 3.5% annual pace, the fastest growth since the fourth quarter of 2023.
- Exports contributed to growth, increasing at a 7.5% rate, marking the most significant rise in two years.
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Coverage Details
Total News Sources0
Leaning Left10Leaning Right11Center16Last UpdatedBias Distribution43% Center
Bias Distribution
- 43% of the sources are Center
43% Center
L 27%
C 43%
R 30%
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