US economy grew at solid 3.2 percent rate in third quarter
December 22, 2017
WASHINGTON (AP) — The U.S. economy grew at a solid 3.2 percent annual rate from July through September, slightly slower than previously estimated but still enough to give the country the best back-to-back quarterly growth rates in three years.
The figure was revised down from last month's estimate of 3.3 percent, the Commerce Department reported Thursday. The change reflected a bit less spending by consumers, which was offset somewhat by increased spending by state and local governments.
Still, the 3.2 percent growth followed a 3.1 percent gain in the second quarter, the first consecutive...