Mexican Media Brands
U.S. Economic Growth Adjusted Upward
The U.S. economy expanded by an annualized 3.5% in the third quarter of 2016, according to final figures from the Dept. of Commerce.
#economics
Share
The U.S. economy expanded by an annualized 3.5% in the third quarter of 2016, according to final figures from the Dept. of Commerce.
The department initially estimated growth for the period at 2.9%, then revised the figure to 3.2%. The economy expanded by 1.4% in April-June.
The upward adjustments were driven primarily by stronger-than-expected consumer spending, which accounts for about two-thirds of GDP. The Commerce Dept. says spending grew 3% in July-September, up from earlier estimates of 2.8% and 2.1%.
RELATED CONTENT
-
On Lincoln-Shinola, Euro EV Sales, Engineered Carbon, and more
On a Lincoln-Shinola concept, Euro EV sales, engineered carbon for fuel cells, a thermal sensor for ADAS, battery analytics, and measuring vehicle performance in use with big data
-
On The German Auto Industry
A look at several things that are going on in the German auto industry—from new vehicles to stamping to building electric vehicles.
-
Study: Border Tax, NAFTA Exit Would Hurt U.S.
The U.S. auto industry would lose at least 31,000 manufacturing jobs and 450,000 units of annual sales if the U.S. imposes 35% tariffs on cars from Mexico, as President-elect Donald Trump has vowed to do.