U.S. Gross Domestic Product Jumps Less Than Expected In Q3
2024-10-26
2961
(fxcue news) - A report released by the Commerce Department on Wednesday showed U.S. economic growth unexpectedly slowed in the third quarter.
The Commerce Department said gross domestic product shot up by 2.8 percent in the third quarter after surging by 3.0 percent in the second quarter. Economists had expected another 3.0 percent jump.
The unexpected slowdown in the pace of GDP growth primarily reflected a downturn in private inventory investment and a larger decrease in residential fixed investment.
Meanwhile, these movements were partly offset by accelerations in exports, consumer spending and federal government spending, the Commerce Department said.
Sign In via X
Google
Sign In via Google
This page link:http://www.fxcue.com/263705.html
Tips:This page came from Internet, which is not standing for FXCUE opinions of this website.
Statement:Contact us if the content violates the law or your rights