Economy USA

The third quarter growth revised down to U.S.

WASHINGTON (Reuters) – Growth in gross domestic product (GDP) America has been revised down in the third quarter to 1.8% annual rate, according to final estimates released Thursday by the Commerce Department, in particular because of the low costs of care.

However, the rebound in business investment and a decline in business inventories suggest an improvement for production later this year.

Economists polled by Reuters were expecting a growth of 2.0%, as in the second estimate. This figure of 1.8%, however, always emphasizes acceleration over the 1.3% expansion in the second quarter.

The data published to date give hope a growth of over 3% annually over the last three months of the year, the fastest pace in 18 months.

Despite a decline in care expenditure of $ 2.2 billion (previously announced an increase of 19.7 billion), which have cut growth by about 0.1 percentage point, buoyant expenditure durables reflects the maintenance of household consumption.

Consumption grew by 1.7% (revised from 2.3%) and expenditure on durable goods increased by 5.7% (revised from 5.5%).

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