US economy grows at brisk 3.4% pace in third quarter on strong consumer spending and AI investment
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By PAUL WISEMAN, AP Economics Writer
WASHINGTON (AP) — The U.S. economy grew at a healthy 3.4% annual pace from July through September, accelerating from the second quarter on strong consumer spending and investment in artificial intelligence.
The expansion in third-quarter gross domestic product — the nation’s output of goods and services — was faster than the 2.2% growth registered from April through June, the Commerce Department said Thursday. Consumer spending rose at a brisk 3.8% clip in th
WASHINGTON (AP) — The U.S. economy grew at a healthy 3.4% annual pace from July through September, accelerating from the second quarter on strong consumer spending and investment in artificial intelligence.
The expansion in third-quarter gross domestic product — the nation’s output of goods and services — was faster than the 2.2% growth registered from April through June, the Commerce Department said Thursday. Consumer spending rose at a brisk 3.8% clip in th
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