Thursday, October 30, 2014

U.S. economy grew at 3.5 percent in 3rd quarter

The U.S. economy grew at a very solid annual rate of 3.5 percent in the July-September quarter, propelled by solid gains in business investment, export sales and the biggest jump in military spending in five years.

The Commerce Department says that the third quarter result followed a 4.6 percent rebound in the second quarter of 2014.