Reuters Graphics |
It was the fastest pace of expansion since the fourth quarter of 2021.
The report from the Commerce Department on Wednesday indicated the economy continued to grow despite fears of a recession that have persisted since late 2022.
Economists polled by Reuters had expected GDP growth would be revised up to a 5% rate. The economy grew at a 2.1% pace in the April-June quarter and is expanding at a pace well above what Federal Reserve officials regard as the non-inflationary growth rate of around 1.8%.