U.S. Q3 Growth Estimated at 3.1%...0.3%p compared to provisional value ↑

The U.S. Commerce Department said U.S. gross domestic product growth in the third quarter was the final 3.1 percent, up 0.3 percentage points from the preliminary figure announced a month ago.

It exceeded the Dow Jones expert forecast of 2.9% growth and the U.S. Commerce Department said the upward revision reflected increased exports and personal consumption.

Exports rose 9.6% in the third quarter, up 2.1 percentage points from the preliminary estimate, while personal consumption expenditures also rose 3.7%, up 0.2 percentage points.

The upward revision of the fixed figure has led the U.S. economy to grow around 3% following the second quarter.