Mexican Media Brands
U.S. Economy Expanded 3.9% in Third Quarter
America's economy, which grew 4.6% in the second quarter, expanded by an upwardly revised 3.9% in July-September, according to the U.S.
#economics
Share
America's economy, which grew 4.6% in the second quarter, expanded by an upwardly revised 3.9% in July-September, according to the U.S. Bureau of Economic Analysis.
The two-quarter rise in the country's gross domestic product reverses a 2.1% contraction in January-March. Economists expect full-year expansion of 2.2% in 2014, equal to the growth in GDP last year.
The BEA says third-quarter results were aided by a 2.2% increase in consumer spending, which accounts for about 70% of the U.S. gross domestic product. Other contributors were increases in exports, housing and government spending.
The price index for gross domestic purchases, which rose 2% in the second quarter, increased by a revised 1.4% in the third quarter, according to the BEA. When volatile food and energy are ignored, the index climbed 1.6% compared with 1.7% in the second quarter.
RELATED CONTENT
-
Ford’s $42 Billion Cash Cow
F-Series pickups generate about 30% of the carmaker’s revenue. The tally is about twice as much as what McDonald’s pulls in.
-
GM: The Drive to Profitability, Part 1
General Motors released rather impressive numbers for 2015.
-
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.