Commerce Data Show Strong Economic Gains Due to Americans Making and Spending More

News Manufacturing & Supply Chain Reports

Date: 4th Nov, 2024 Source: US Department of Commerce Country: USA Original Source

Brief

"On November 4, 2024, the US Department of Commerce's Bureau of Economic Analysis reported that real GDP increased at an annual rate of 2.8 percent in the third quarter of 2024, driven by Americans making and spending more. Growth was fueled by a 3.7% increase in consumer spending, the largest since early 2023, thanks to rising incomes. This marks stronger economic growth than during any other presidential term this century."

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US Department of Commerce

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Commerce Data Show Strong Economic Gains Due to Americans Making and Spending More

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Commerce Data Show Strong Economic Gains Due to Americans Making and Spending More

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US Department of Commerce

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