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 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
-
Report Forecasts Huge Economic Upside for Self-Driving EVs
Widespread adoption of autonomous electric vehicles could provide $800 billion in annual social and economic benefits in the U.S. by 2050, according to a new report.
-
GM: The Drive to Profitability, Part 1
General Motors released rather impressive numbers for 2015.