More Great News! Third-Quarter Growth Revised to Three-Year High of 3.3%

Markle

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Remember the Obama Era? Each GDP initial figures were always revised DOWNWARD. What a refreshing change!

More Great News!

Third-Quarter Growth Revised to Three-Year High of 3.3%

By
Sho Chandra
November 29, 2017, 8:30 AM EST Updated on November 29, 2017, 8:51 AM EST

The U.S. economy’s growth rate last quarter was revised upward to the fastest in three years on stronger investment from businesses and government agencies than previously estimated, Commerce Department data showed Wednesday.

HIGHLIGHTS OF THIRD-QUARTER GDP (SECOND ESTIMATE)
  • Gross domestic product grew at a 3.3% annualized rate (est. 3.2%), revised from 3%; fastest since 3Q 2014
  • Consumer spending, biggest part of the economy, grew 2.3% (est. 2.5%); revised from 2.4%; down from 3.3% in 2Q
  • Business-equipment spending rose at a 10.4% pace, a three-year high, revised from 8.6%; reflects transportation gear
  • Corporate pretax earnings rose 5.4% y/y, following a 6.3% y/y advance
Key Takeaways
The latest results for GDP, the value of all goods and services produced, show the economy withstood major hurricanes to reach a more solid footing as it entered the final stretch of the year, thanks to stronger business spending that’s helping cushion a softer pace of consumption.

Federal Reserve Chair Janet Yellen said Wednesday, just before the GDP report, that the expansion is “increasingly broad based across sectors as well as across much of the global economy.”

[...]

U.S. Third-Quarter Growth Revised to Three-Year High of 3.3%

I'm stunned that none of our favorite Progressives didn't post this hours ago.
 
Remember the Obama Era? Each GDP initial figures were always revised DOWNWARD. What a refreshing change!

More Great News!

Third-Quarter Growth Revised to Three-Year High of 3.3%

By
Sho Chandra
November 29, 2017, 8:30 AM EST Updated on November 29, 2017, 8:51 AM EST

The U.S. economy’s growth rate last quarter was revised upward to the fastest in three years on stronger investment from businesses and government agencies than previously estimated, Commerce Department data showed Wednesday.

HIGHLIGHTS OF THIRD-QUARTER GDP (SECOND ESTIMATE)



    • Gross domestic product grew at a 3.3% annualized rate (est. 3.2%), revised from 3%; fastest since 3Q 2014
    • Consumer spending, biggest part of the economy, grew 2.3% (est. 2.5%); revised from 2.4%; down from 3.3% in 2Q
    • Business-equipment spending rose at a 10.4% pace, a three-year high, revised from 8.6%; reflects transportation gear
    • Corporate pretax earnings rose 5.4% y/y, following a 6.3% y/y advance
Key Takeaways
The latest results for GDP, the value of all goods and services produced, show the economy withstood major hurricanes to reach a more solid footing as it entered the final stretch of the year, thanks to stronger business spending that’s helping cushion a softer pace of consumption.

Federal Reserve Chair Janet Yellen said Wednesday, just before the GDP report, that the expansion is “increasingly broad based across sectors as well as across much of the global economy.”

[...]

U.S. Third-Quarter Growth Revised to Three-Year High of 3.3%

I'm stunned that none of our favorite Progressives didn't post this hours ago.
I am stunned that you think people should be wasting time on a message board and be efficient at it...
 

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