GDP accelerated from 2Q, showing increases in consumer spending, exports, federal government spending and nonresidential fixed investment.

The U.S. economy grew more than initially appreciated in the third quarter, extending a solid stretch of economic expansion.

The U.S. economy grew at a 3.1% annualized pace in the third quarter — stronger than previously thought, the Commerce Department said on Thursday. Why it matters: The revision suggests 2024 was yet another shocker year in which the U.

The economy grew at a 3.1% annual rate in the third quarter of this year, adjusted for inflation, just over the 3% rate the quarter before, the Bureau of Economic Analysis reported Thursday morning in its final estimate of gross domestic product.