Mexican Media Brands
U.S. Economy Growth Picks Up in Third Quarter
America's gross domestic product, which grew at a 1.3% annual rate in the second quarter of this year, expanded at a 2% pace in the three months ended Sept. 30, the Dept. of Commerce reports.
#economics
Share
America's gross domestic product, which grew at a 1.3% annual rate in the second quarter of this year, expanded at a 2% pace in the three months ended Sept. 30, the Dept. of Commerce reports.
Third-quarter growth was spurred by a 2% increase in consumer spending, which accounts for 70% of the economy, and a 3.7% jump in federal defense expenditures. A decline in exports was offset by gains in the housing market. Business investment was unchanged from the second quarter.
RELATED CONTENT
-
On Quantum Navigation, EVs, Auto Industry Sales and more
Sandia’s quantum navi, three things about EVs, transporting iron ore in an EV during the winter, going underwater in an EV (OK, it is a sub), state of the UK auto industry (sad), why the Big Three likes Big Vehicles, and the future of logistics.
-
VW Warns of Higher Costs to Develop EVs
CEO Herbert Diess says the €20 billion ($23 billion) Volkswagen AG has budgeted to electrify its entire vehicle lineup won’t be enough to meet that goal.
-
Tariffs on Autos: “No One Wins”
While talk of tariffs may make the president sound tough and which gives the talking heads on cable something to talk about, the impact of the potential 25 percent tariffs on vehicles imported to the U.S. could have some fairly significant consequences.