U.S. GDP grew at a 5.2% rate in the third quarter, even stronger than first indicated

U.S. economic growth for last quarter is revised up to a 5.2 percent annual rate

Shrugging off higher interest rates, America's consumers spent enough to help drive the economy to a brisk 5.2 percent annual pace from July through September, the government said in an upgrade from its previous estimate.

Housing industry warns 'impatient' RBA set to sink residential construction, ASX rallies late — as it happened

Business investment is rising, but the housing construction sector warns it is facing a deep downturn in work next year. Shares gain ground in the afternoon as financial stocks climb. See how the day's trade unfolded on our blog.

US Economy Grew Faster in 3rd Quarter Than Expected but Cooling Signals Warrant Caution

The U.S. economy grew faster in the 3rd quarter than previously expected but the numbers look more gloomy when looked at from the income side and, since then, economic data suggests that momentum has waned and growth is cooling. Gross domestic product (GDP) rose at a 5.2 percent annualized rate last quarter, revised up from the previously reported 4.9 percent pace, the Commerce Department’s Bureau of Economic Analysis (BEA) said in its second es…

US economy grows 5.2% in third quarter; higher interest rates sapping momentum

The U.S. economy grew faster than initially thought in the third quarter, but momentum appears to have since waned.

U.S. economy grew 5.2% in 3rd quarter, more than first estimated

The government’s other main gauge of economic activity – gross domestic income – rose a more moderate 1.5%.

1st LD Writethru: U.S. Q3 GDP growth revised up to annual rate of 5.2 pct

WASHINGTON, Nov. 29 (Xinhua) -- The U.S. real gross domestic product (GDP) growth in the third quarter of this year was revised up to an annual rate of 5.2 percent, compared with 4.9 percent in the "advance" estimate, the Commerce Department reported on Wednesday. Read full story