Mumbai, Oct. 30 -- United States gross domestic product (GDP) grew at an annualized rate of 3.4% in the third quarter of 2026, according to an advance estimate published on Thursday by the US Bureau of Economic Analysis (BEA). In the second quarter, the US economy expanded by 2.2%.
The figure came slightly above expectations. Stronger investment and a rebound in government spending drove the acceleration, partly offset by a downturn in exports, while imports increased at a faster pace than in the previous quarter. Meanwhile, real final sales to private domestic purchasers rose 4.9%, compared to 4.6% in the second quarter.
The price index for gross domestic purchases increased 3% in the reported quarter, slowing from 5.6% in the previous t...