Rapid growth in the US economy: 4.3 percent

Prices the so-called real gross domestic product, which is removed from the effect of the increase, grew by 4.3 percent in the third quarter of the year in the United States, the US Bureau of Economic Analysis (BEA) said on Tuesday.

BEA is responsible for Statistics Finland.

News agency Bloomberg by the figure exceeded the forecast in a poll of analysts it conducted.

In the previous quarter, growth was 3.8 percent.

In July–September, consumer demand grew by 3.5 percent year-on-year. Demand for motor vehicles fell.

Alun originally, the BEA was supposed to issue a preliminary forecast of July-September GDP growth as early as October 30, but the publication was canceled due to the administrative shutdown.

The shutdown is expected to weaken growth in the last quarter of the year, but moderate growth is expected next year due to, among other things, upcoming tax breaks, Bloomberg reports.

The final estimate of the third quarter’s GDP development will be published on January 22.

BEA did not say when the statistics for the last quarter and the whole year will be published. According to it, the information originally intended to be published on January 29 cannot be sufficiently collected by that time.