The U.S. economy expanded at an annual 2.1% pace in the third quarter instead of 2.0%, revised government data show.
Consumer spending and private inventory investment mostly accounted for the upward revision, the Commerce Department said Wednesday. The report was a revision of an advance estimate issued last month.
Looking ahead, economists expect U.S. GDP to grow at an annualized rate of 4.8% in the fourth quarter of 2022. Those figures will be released in January of 2022.
U.S. stocks
SPX,
were poised to fall at the start of trade Wednesday.
This post was originally published on Market Watch
