US Economy Grows at Fastest Pace in Years With 4.3% GDP Gain (3)

The US economy expanded in the third quarter at the fastest pace in two years, bolstered by resilient consumer and business spending and calmer trade policies.

Inflation-adjusted gross domestic product, which measures the value of goods and services produced in the US, increased at a 4.3% annualized pace, a Bureau of Economic Analysis report showed Tuesday. That was higher than all but one forecast in a Bloomberg survey and followed 3.8% growth in the prior period.

The BEA was originally due to publish an advance estimate of GDP on Oct. 30, but the report was canceled due to the ...