Mexican Media Brands
U.S. Economy Grew Faster Than Expected
America's gross domestic product expanded at a 2.7% annual rate in third quarter of this year, up from the 2% growth the Dept. of Commerce previously estimated.
#economics
Share
America's gross domestic product expanded at a 2.7% annual rate in third quarter of this year, up from the 2% growth the Dept. of Commerce previously estimated.
Much of the increase resulted from an upward adjustment to inventory restocking.
But the Commerce Dept. lowered its estimate of third-quarter consumer spending to 1.4% from the previously reported 2% gain. The new figure marks the smallest advance in more than a year.
RELATED CONTENT
-
Enterprise Edges into Self-Driving Car Market
U.S. rental car giant Enterprise Holdings Inc. is the latest company to venture into the world of self-driving vehicles.
-
Inside Ford
On this edition of “Autoline After Hours” Joann Muller, Detroit bureau chief for Forbes, provides insights into what she’s learned about Ford, insights that are amplified on the show by our other panelists, Stephanie Brinley, principal analyst at IHS Markit who specializes in the auto industry, and Todd Lassa, Detroit Bureau Chief for Automobile.
-
What Suppliers Need to Know Right Now
This is a time of reckoning for the auto industry, says Paul Eichenberg. He has some recommendations as to how companies can make their way through it.