U.S. 3Q GDP Grew at 2.1% Pace, Revised Up From 1.9%

The video discusses the latest economic data, highlighting a slight improvement in GDP and personal consumption figures. Durable goods orders show a significant increase, contributing positively to economic forecasts. The end of the GM strike is noted as a positive factor for the economy, with expectations of a rebound in the industrial sector. Despite fewer shopping days, consumer confidence remains high, suggesting a potentially strong holiday season.

What was the annualized GDP growth rate reported in the third quarter?

How did personal consumption compare to the survey expectations?

What does the durable goods orders data indicate about the economy?

What impact did the GM strike have on the economy according to the discussion?

What are the expectations for consumer behavior during the holiday season?