U.S. Economy Grew at 3.5% Rate in Third Quarter

U.S. Economy Grew at 3.5% Rate in Third Quarter

Strong consumer spending powered economic growth in the third quarter, helping to offset weak business investment and a drop in U.S. exports. Gross domestic product—the value of all goods and services produced in the U.S.—rose at a seasonally and inflation-adjusted annual rate of 3.5% from July through September, the Commerce Department said Friday.

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