Economic Indicators
U.S. Economy Expanded by 2.6% in the Third Quarter – Commerce Department Data
2022.10.27 08:53
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© Reuters.
By Scott Kanowsky
Investing.com –The U.S. economy rebounded from six months of contraction in the third quarter, according to preliminary data from the Department of Commerce on Thursday.
grew by 2.6% on a year-on-year basis in the July to September period, up from declines of 1.6% and 0.6% in the first and second quarters, respectively. Economists had expected the reading to come in at 2.4%.
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