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Financial News: U.S. GDP Jumps More Than Expected In Q3

U.S. GDP Jumps More Than Expected In Q3

10/27/2017 - 08:37:00 (RTTNews)

(RTTNews) - Economic growth in the U.S. slowed modestly in the third quarter, according to a report released by the Commerce Department on Friday, although the pace of growth still exceeded economist estimates.

The report said real gross domestic product jumped by 3.0 percent in third quarter after surging up by 3.1 percent in the second quarter. Economists had expected GDP to increase by 2.5 percent.

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