US economy grows more than expected in Q3

By Michele Maatouk

Date: Wednesday 29 Nov 2023

(Sharecast News) - The US economy grew more than initially estimated in the third quarter, according to data released on Wednesday by the Commerce Department.
GDP grew 5.2% in the three months to September, ahead of the initial estimate of 4.9% growth.

The figures showed that consumer spending rose 3.6% from July to September, a downward revision on a previous estimate of 4%.

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