The U.S. economy grew at the fastest pace in three years during the third quarter, which is a brisker expansion than initially reported.
The Commerce Department said Wednesday that growth hit an annual rate of 3.3 percent in the July through September quarter, up from the first-reported 3 percent.
The economy managed to bear the brunt of two major hurricanes that ripped through Texas and Florida.
“This is a solid performance, especially given that Hurricanes Harvey and Irma were drags on growth in the quarter,” said Gus Faucher, PNC’s chief economist.
The Emergency Election Sale is now live! Get 30% to 60% off our most popular products today!