U.S. GDP

U.S. third quarter GDP better than expected at 1.9% Wednesday 30th October 2019

Third quarter GDP slightly higher than forecast

Economic activity in the U.S. grew at an annualised rate of 1.9% in the third quarter.

Analysts had expected the GDP figure to come in at 1.7%.

The previous quarter was 2%.

The better than expected figure was the result of continued consumer spending as well as government spending.

The Federal Reserve interest rate decision is up next at: 18:00 GMT

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