US economy grew 3.4% in third quarter, fastest pace in a year

Key facts

• The report said US gross domestic product grew 3.4 percent in the third quarter, the fastest pace in a year.
• The report attributed the growth to consumer spending and spending on artificial intelligence.
• The report said the growth contrasts with the poor marks many voters are giving the economy.

The US economy grew 3.4 percent in the third quarter, the fastest pace in a year, according to a report that did not date the event.

The report attributed the growth to strong consumer spending and spending on artificial intelligence. It did not give a dollar value for gross domestic product, a reference year for the quarter, or a comparison with economist forecasts.

The report said the strong spending and growth contrast with the poor marks many voters are giving the economy. It gave no polling figure or source for that assessment.