Alina Selyuk
👤 SpeakerAppearances Over Time
Podcast Appearances
Between July and September, the report shows the U.S.
economy growing at a robust pace, accelerating from the growth seen in the previous quarter.
Earlier in the year, the economy had actually shrunk as companies rushed to ship foreign goods ahead of President Trump's global tariffs.
Consumers remain the key engine driving the growth with higher spending, especially on health care.
The report calls out spending on hospital and nursing home services and on prescription drugs.
People also spent more on, quote, information processing equipment.
That could be computer hardware, presumably as part of the AI boom.
At the same time, business and residential investment declined in the third quarter.
Spending by state and local governments increased.
Alina Seljuk, NPR News, Washington.
Between July and September, the report shows the U.S.
economy growing at a robust pace, accelerating from the growth seen in the previous quarter.
Earlier in the year, the economy had actually shrunk as companies rushed to ship foreign goods ahead of President Trump's global tariffs.
Consumers remain the key engine driving the growth with higher spending, especially on health care.
The report calls out spending on hospital and nursing home services and on prescription drugs.
People also spent more on, quote, information processing equipment.
That could be computer hardware, presumably as part of the AI boom.
At the same time, business and residential investment declined in the third quarter.
Spending by state and local governments increased.
Alina Seljuk, NPR News, Washington.