U.S. Q3 GDP Grows 3.1%...Beats Expectations
The U.S. Department of Commerce reported that the gross domestic product (GDP) grew at a 3.1% annualized rate during the third quarter, compared to the previous quarter. This was above market expectations of 2.8% growth. U.S. GDP growth is released in three installments: preliminary, advance, and final. Today's release is the final estimate.