29-11-2016 15:00 via news.yahoo.com

Consumers, exports power U.S. third-quarter economic growth

By Lucia Mutikani WASHINGTON (Reuters) - The U.S. economy grew faster than initially thought in the third quarter, notching its best performance in two years, buoyed by strong consumer spending and a surge in soybean exports. Gross domestic product increased at a 3.2 percent annual rate instead of the previously reported 2.9 percent pace, the Commerce Department said in its second GDP estimate on Tuesday. Growth was the strongest since the third quarter of 2014 and followed the second quarter's
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