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US economic growth slows marginally to 1.9% in Q3 from 2% in June quarter

Gross domestic growth avoided the steeper drop feared by economists, but the US-China trade war still walloped the business sector, according to commerce department data

AFP | PTI 

Economy, economic growth, money, rupees, data
The economy expanded 1.9 per cent in the July-September period, well above economists’ expectations but a notch lower than the 2 per cent growth seen in the second quarter.

The US slowed a touch in the third quarter but remained solid, thanks to a pick-up in home sales and steady consumer spending, government figures showed on Wednesday. Gross domestic growth avoided the steeper drop feared by economists, but the US-China trade war still walloped the business sector, according to commerce department data.

The expanded 1.9 per cent in the July-September period, well above economists’ expectations but a notch lower than the 2 per cent growth seen in the second quarter.

First Published: Thu, October 31 2019. 01:23 IST
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