US Economy Expanded at Revised 4.4% Pace in Third Quarter (2)

The US economy expanded in the third quarter by slightly more than initially reported, supported by stronger exports and a smaller drag from inventories.

Inflation-adjusted gross domestic product, which measures the value of goods and services produced in the US, increased at a revised 4.4% annualized rate, the fastest in two years, according to Bureau of Economic Analysis data out Thursday.

The report showed one of the strongest back-to-back quarters for growth since 2021, when the economy was still recovering from the pandemic. Companies dialed back the tempo of goods imports after an early-year rush to beat President Donald ...