US Economy Grew 3.5% In Third Quarter

Published: Friday, January 20, 2017 - 3:13pm

Two thousand seventeen's economy charges ahead, but key 2016 numbers driving the change were just released.

Nationwide, third-quarter economic growth was driven by the finance and insurance sectors, wholesale trade and information services. Gross domestic product, or the total value of all goods and services produced in the country, increased by 3.5 percent.

Arizona’s second-quarter growth rate was slightly behind the national rate but is growing faster than most states. Arizona’s quarterly GDP is in the top ten nationally.

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