US economic growth at highest in two years

Published:

US economic growth at highest in two years
Photo: Seth Wenig AP/TT

The U.S. economy grew at an annualized rate of 4.3 percent in the third quarter, according to inflation-adjusted figures from the Federal Bureau of Economic Analysis. That was more than expected and the fastest growth rate in two years.

During the second quarter of this year, growth in the US amounted to 3.8 percent.

The figures were delayed due to the federal government shutdown in the fall and were originally scheduled to be published on October 30.

On Tuesday, fresh figures from the US industry also came out, showing that production in November increased by 0.2 percent compared to October. This was slightly more than the expected increase of 0.1 percent.

However, new orders for manufacturing fell 2.2 percent in October, according to statistics from the Census Bureau. This was a bigger decline than the expected decline of 1.5 percent.

Loading related articles...

Tags

Author

TT News AgencyT
By TT News AgencyEnglish edition by Sweden Herald, adapted for our readers

More news

Loading related posts...