The first quarter was tepid, and projections for the current quarter hover around 2.8 percent. Newsletter Sign Up Continue reading the main story Please verify you're not a robot by clicking the box. Personal consumption, although down from the previous quarter, grew at a 2.4 percent rate, and nonresidential fixed investment, a measure of business spending, expanded at a robust rate of 3.9 percent. Advertisement Continue reading the main story“If you don’t go out to eat during a hurricane, maybe you bought plywood for your house,” said Robert Dye, chief economist at Comerica Bank. The growth figure released on Friday was the government’s first estimate of economic output for the quarter, and it will be revised twice.

Source: New York Times October 27, 2017 12:33 UTC