U.S. Q3 GDP growth raised; investment stabilizing

Gross domestic product increased at a 2.1 percent annualized rate, the Department of Commerce said in its second estimate of third-quarter GDP.

The economy grew at a 2 percent pace in the April-June period.

Inventories increased at a $79.8 billion pace instead of the $69.0 billion rate reported last month.

Gross domestic income increased at a rate of 0.9 percent in the second quarter.

Profits increased at a 3.3 percent rate in the second quarter.

The average of GDP and GDI, also referred to as gross domestic output and considered a better measure of economic activity, increased at a 2.3 percent rate in the July-September period, quickening from a 1.4 percent growth pace in the second quarter.

…

Article source: http://www.dailystar.com.lb//Business/International/2019/Nov-28/496403-us-q3-gdp-growth-raised-investment-stabilizing.ashx