U.S. GDP booms at 33.1% rate in Q3, better than expected
The growth came after a 31.4% plunge in the second quarter and was better than the 32% estimate from economists surveyed by Dow Jones
U.S. GDP accelerated at a 33.1% annualized pace in the third quarter, the Commerce Department reported.
That was better than the 32% estimate from a Dow Jones economist survey.
A surge in business and residential investment along with stronger consumer activity helped the economy after its worst-ever quarter in Q2.