1st LD Writethru: U.S. Q3 GDP growth revised up to annual rate of 5.2 pct


  • World
  • Thursday, 30 Nov 2023

WASHINGTON, Nov. 29 (Xinhua) -- The U.S. real gross domestic product (GDP) growth in the third quarter of this year was revised up to an annual rate of 5.2 percent, compared with 4.9 percent in the "advance" estimate, the Commerce Department reported on Wednesday.

The update primarily reflected upward revisions to nonresidential fixed investment and state and local government spending that were partly offset by a downward revision to consumer spending, according to the "second" estimate released by the Bureau of Economic Analysis.

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