U.S. Third-Quarter Growth Revised Down to 3.2% Pace From 3.3%

The U.S. economy’s third-quarter growth was revised slightly downward on lower contributions from consumer spending and trade, though the pace remained the fastest since early 2015, Commerce Department data showed Thursday.

The revisions for GDP, the value of all goods and services produced, still show the economy was on a strong run last quarter, with recent reports indicating the momentum extended into the current period. While the tax overhaul ready for President Donald Trump’s signature may give a boost in the coming year, economists say his goal of 3 percent sustained annual growth remains a challenge.