Summary
The U.S. economy grew at an annual rate of 4.3% from July to September. This growth was the fastest in two years, driven by increased consumer spending and higher exports.
Key Facts
- The U.S. economy grew by 4.3% annually from July to September.
- This is an increase from 3.8% growth in the previous quarter.
- The growth rate was higher than expected.
- Consumer spending increased by 3.5%.
- Exports also contributed to the economic growth.
- The data collection process had been delayed due to a U.S. government shutdown.
- This report provides an updated view of the U.S. economy's performance toward the year's end.
