You are here

LATEST US DATA

Exports boost Q3 growth rate to its fastest in 2 years

Third-quarter GDP increases at a 2.9 per cent rate even as consumer spending slows
Saturday, October 29, 2016 - 05:50

32667798 - 12_09_2014 - lkny4.jpg
The US economy grew at its fastest pace in two years in the third quarter as a surge in exports and a rebound in inventory investment offset a slowdown in consumer spending.

Washington

THE US economy grew at its fastest pace in two years in the third quarter as a surge in exports and a rebound in inventory investment offset a slowdown in consumer spending.

Gross domestic product increased at a 2.9 per cent annual rate after expanding at a 1.4 per cent

sentifi.com

Market voices on:

Nespresso
Pair your daily business read with the perfect cup of espresso.

Subscribe to The Business Times today to receive your very own Nespresso Inissia coffee machine worth $188.

Find out more at btsub.sg/btdeal

Powered by GET.comGetCom