US growth fore­cast un­moved at 3.5pc

Yorkshire Post - Business - - NEWS / BUSINESS -

United States:

Eco­nomic growth through­out the US was un­re­vised in the third quar­ter, ac­cord­ing to the sec­ond read­ing re­leased by the coun­try’s Com­merce De­part­ment.

The re­port said that real gross do­mes­tic prod­uct jumped by 3.5 per cent in the third quar­ter, un­changed from the ini­tial es­ti­mate and in line with econ­o­mist es­ti­mates. Up­ward re­vi­sions to non-res­i­den­tial fixed in­vest­ment and pri­vate in­ven­tory in­vest­ment were off­set by down­ward re­vi­sions to con­sumer spend­ing and state and lo­cal gov­ern­ment spend­ing.

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