US GDP Growth Rate QoQ 3rd

In the third quarter of 2023, the US economy saw a robust annualized growth of 5.2%. This surpassed market predictions of 5% and showed a considerable increase from the 2.1% growth in Q2. This is the most vigorous expansion since the last quarter of 2021. The nonresidential investment was adjusted upwards to a 1.3% increase, contrary to the initial 0.1% decrease. This was due to a less severe decline in equipment (-3.5% vs the initial -3.8%) and a significant 6.9% surge in structures, compared to the initial 1.6%.