Overview
- The Commerce Department’s advance estimate showed 4.3% annualized growth for July–September, topping roughly 3.2% forecasts and accelerating from 3.8% in Q2.
- Personal consumption rose 3.5% and exports jumped 8.8%, providing the largest boost to the headline expansion.
- Nonresidential equipment investment slowed to a 2.8% increase, while residential investment fell 5.1% for a third consecutive quarterly drop.
- Economists cautioned about a K‑shaped recovery as a December consumer confidence reading slipped to 89.1, pointing to potential cooling ahead.
- The data release was delayed by a 43‑day partial federal shutdown, and President Trump publicly took credit for the strong report on social media.