The Commerce Department issues its final look at economic growth in the July-September quarter, when the US appeared to bounce back from a slowdown in the first half of the year.
According to the third and final estimate before annual revisions in July, real GDP increased by 3.5% in the third quarter, up significantly from the second quarter's increase of 1.4%, according to the report from the U.S. Bureau of Economic Analysis.
The figure outstrips the second-quarter growth rate of 1.4%.
The growth was the strongest quarter for two years, beating the economists estimates for upward revision to 3.3%.
Archer said the United Kingdom still faces a decline in growth in 2017 as inflation put a further squeeze on consumer spending and business investment remained low.
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Penney, King-Macon told police she went to get Acen out of the auto and realized he was not responsive and had been shot. Acen was rushed to the hospital, where he died. "He shot at the auto !" "This case went to the forefront", Kaplan said.
If the growth is measured based on income, the figure is better, showing that the economy had a 4.8% growth.
Net trade, the ONS said, acted as a drag of 1.2 percentage points in the quarter - its highest level in nearly five years - though it said much of the revision was down to a recent correction in the miscalculation in the trade of gold. Federal government spending also picked up too. It showed a 12% rate, which is the fastest since Q1 2014, and like other spending rates, was previously reported to be lower at 10.1% rate only. Equipment expenditures fell at an annualized pace of 4.5%, improved from -4.8% previously reported. That was the fastest pace of growth in two years.
Business inventories accumulated at a $7.1 billion rate in the quarter, instead of the $7.6 billion rate reported in November. The contribution is more from the services spending, intellectual property and construction by state and local governments.
Economists believe overall growth, as measured by the gross domestic product, will be 3.2 percent, according to a survey by the data firm FactSet. Output in the U.K.'s powerhouse services sector was also higher than previously estimated. Economists had been expecting GDP to be revised up to 3.3%.