: It was the sixth consecutive quarter with growth above 2%. The slowdown from last quarter was due in part to a deceleration in business investment, which boomed in the first half of the year in part because of the dramatic tax cut enacted at the end of 2017, according to CNN. Net exports also declined from a surge last quarter as manufacturers and farmers rushed to sell their goods overseas in advance of expected retaliatory tariffs from China. That's still strong, though lower than the 4.2% clip the economy grew during the second quarter. In recent months, retailers boosted their imports, leading to a buildup in inventories. Read More Real disposable personal income grew at an annual rate of 2.5%, the same as last quarter. The growth figure was in line with economists' forecasts, which had come down in recent days after the release of lackluster home sales data.
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