Inventory Correction Masks Resilient Demand in U.S. GDP Report

Updated on
  • Slower inventory investment subtracts most from GDP since 2012
  • Economy in third quarter expands 3% excluding unsold goods

U.S. Economic Growth Slows to 1.5% in Third-Quarter

America’s economy pulled back in the third quarter as companies cleared out inventory. Beneath the surface, though, the government’s tally of gross domestic product showed buoyant consumer and business spending.

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