Longest U.S. Expansion Keeps Rolling
Published Friday, November 29, 2019 at: 7:00 AM EST
Newly released data confirmed expectations that the 10-year-old expansion — already the longest ever — will continue growing albeit at a modest pace.
The U.S. Bureau of Economic Analysis on Wednesday revised upward third-quarter economic growth and released a new monthly personal income figure showing a strong acceleration after adjusting for inflation.
The four components of U.S. economic growth — consumers, exports net of imports, state and local government spending, and business investment — grew by 2.13% in third quarter of 2019.
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