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The U.S. Commerce Department said U.S. gross domestic product growth in the third quarter was the final 3.1 percent, up 0.3 percentage points from the preliminary figure announced a month ago.
It exceeded the Dow Jones expert forecast of 2.9% growth and the U.S. Commerce Department said the upward revision reflected increased exports and personal consumption.
Exports rose 9.6% in the third quarter, up 2.1 percentage points from the preliminary estimate, while personal consumption expenditures also rose 3.7%, up 0.2 percentage points.
The upward revision of the fixed figure has led the U.S. economy to grow around 3% following the second quarter.
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It exceeded the Dow Jones expert forecast of 2.9% growth and the U.S. Commerce Department said the upward revision reflected increased exports and personal consumption.
Exports rose 9.6% in the third quarter, up 2.1 percentage points from the preliminary estimate, while personal consumption expenditures also rose 3.7%, up 0.2 percentage points.
The upward revision of the fixed figure has led the U.S. economy to grow around 3% following the second quarter.
※ 'Your report becomes news'
[Kakao Talk] YTN Search and Add Channel
[Phone] 02-398-8585
[Mail] social@ytn.co.kr
[Copyright holder (c) YTN Unauthorized reproduction, redistribution and use of AI data prohibited]