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LATEST US DATA

Economy expands 3.9% in Q3, exceeding previous forecast

This is due to bigger gains in consumer spending and business investment

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The steadily improving US economy means that a strengthening labour market and gains in sentiment underpin consumer spending.

Washington

THE economy in the US expanded more than previously forecast in the third quarter, reflecting bigger gains in consumer spending and business investment and capping the strongest six months of growth in a decade.

Gross domestic product, the value of all goods and services

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