US GDP Grows At 4.3% In Q3, Economy Expands At A Faster Clip Than Wall Street Estimates

The United States' gross domestic product (GDP) for the third quarter (Q3) grew at a faster pace than expected, driven by consumer spending, exports, and government spending.

The Bureau of Economic Analysis reported that the U.S. economy grew at an annualized rate of 4.3%, higher than the Dow Jones forecast of 3.2%, as cited by MarketWatch.

The second-quarter (Q2) GDP growth estimate was revised upward to an annualized rate of 3.8%, according to a September BEA report.

Compared to Q2, the acceleration in real GDP in the third quarter reflected a smaller decrease in investment, an acceleration in consumer spending, and an upturn in exports and government spending, the BEA stated.

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