(Lucia Mutikani – Reuters)
A robust pace of business spending likely buoyed U.S. economic growth in the third quarter, a sign corporate chieftains have confidence in the sustainability of the recovery.
Gross domestic product likely grew at a 3.0 % annual pace, according to a Reuters survey of economists, with housing, trade, government and consumers also lending support. While that would be a step down from the second quarter's brisk 4.6 % pace, it would the fourth quarter out of five that the economy has expanded at or above a 3 % clip. Read more here.