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.
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