The U.S. economy grew more strongly in the third quarter than initially estimated, driven by solid consumer spending and a pickup in exports.

[excalibur]

Great news.

Every America should be happy.

The U.S. economy grew more strongly in the third quarter than initially estimated, driven by solid consumer spending and a pickup in exports.

Real gross domestic product (GDP) rose at an annual rate of 4.4 percent during the July–September period, according to new data from the Bureau of Economic Analysis released on Jan. 22.


...


The bureau noted the adjustment reflected upward changes to exports and investment, which helped offset the tepid downward revision to consumer spending.

Real consumer spending advanced by 3.5 percent, up from the 2.5 percent registered in the second quarter.

Exports, which contribute to GDP growth because they account for goods and services produced domestically and sold abroad, soared by 9.6 percent. Imports fell by 4.4 percent following a more than 29 percent decline in the second quarter.

The jump in real GDP was fueled primarily by strong gains in private industries—a 5.3 percent increase in services and a 3.6 percent increase in goods production—although these were slightly tempered by a 0.3 percent dip in government output.


...​

US Economy Delivers Strong 4.4 Percent Growth, Outperforming Forecasts

Upward revisions to exports and investment contributed to the higher adjustment to third-quarter growth.

www.theepochtimes.com

 

[Deplorable Yankee]

All this money the foreign multinationals have pledged to the nation. That's going to start kicking in harder

A roaring economy and many arrests would be nice..

 

[Muhammed]

All this money the foreign multinationals have pledged to the nation. That's going to start kicking in harder

A roaring economy and many arrests would be nice..

The enemy from within, the Democratic party, is constantly conniving to prevent that.

 

[Independent thinker]

Great news.

Every America should be happy.

​

​

The U.S. economy grew more strongly in the third quarter than initially estimated, driven by solid consumer spending and a pickup in exports.​

​

Real gross domestic product (GDP) rose at an annual rate of 4.4 percent during the July–September period, according to new data from the Bureau of Economic Analysis released on Jan. 22.​

​

​

...​

​

​

The bureau noted the adjustment reflected upward changes to exports and investment, which helped offset the tepid downward revision to consumer spending.​

​

Real consumer spending advanced by 3.5 percent, up from the 2.5 percent registered in the second quarter.​

​

Exports, which contribute to GDP growth because they account for goods and services produced domestically and sold abroad, soared by 9.6 percent. Imports fell by 4.4 percent following a more than 29 percent decline in the second quarter.​

​

The jump in real GDP was fueled primarily by strong gains in private industries—a 5.3 percent increase in services and a 3.6 percent increase in goods production—although these were slightly tempered by a 0.3 percent dip in government output.​

​

​

...​

US Economy Delivers Strong 4.4 Percent Growth, Outperforming Forecasts

Upward revisions to exports and investment contributed to the higher adjustment to third-quarter growth.

www.theepochtimes.com

It was rather funny at Christmas time to see the lefty media report that Christmas sales were breaking all time records, immediately followed by reports that Americans were having trouble affording the basic necessities of life and that Trump was failing the affordability crisis.

 

[cnm]

One of Chump's signature achievements was degrading US agency data to the same credibility as that of the Epoch Times.