{
  "id": 17086252,
  "title": "U.S. economy grows at brisk 3.4% pace in third quarter on strong consumer spending and AI investment",
  "url": "https://urgent.news/2026/10/29/u-s-economy-grows-at-brisk-3-4-pace-in-third-quarter-on-strong",
  "topic": "ai",
  "section": "AI",
  "published": "2026-10-29T15:48:27.000Z",
  "source": {
    "name": "PBS NewsHour",
    "slug": "pbs-newshour",
    "url": "https://www.pbs.org/newshour/economy/u-s-economy-grows-at-brisk-3-4-pace-in-third-quarter-on-strong-consumer-spending-and-ai-investment"
  },
  "original_language": "en",
  "account": "The U.S. economy expanded at a robust 3.4% annual rate from July to September, outpacing the 2.2% growth seen in the previous quarter, according to the Commerce Department. This robust growth was driven by a surge in consumer spending and investment in artificial intelligence. Consumer spending surged by an impressive 3.8%, while business investment rose sharply, underscoring the AI-driven boom. Economists had projected a 3% growth in GDP for the third quarter. The AI investment boom has significantly bolstered U.S. growth, with business investment excluding housing up by 12.7%. Investment in areas such as information processing equipment, software, and research and development also saw significant increases of 37.4%, 9.6%, and 7.5% respectively. However, housing investment, impacted by high mortgage rates, declined by 3.3% and has fallen for six consecutive quarters. This report marked the first of three estimates of third-quarter GDP growth by the Commerce Department.",
  "summary": "Consumer spending rose at a good clip in the third quarter, and business investment was up sharply, reflecting the AI boom.",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 4,
    "also_reported_by": [
      {
        "outlet": "Business Standard IN",
        "title": "US economy expands 3.4% in Q3 as consumer spending, AI investment rise",
        "url": "https://urgent.news/2026/10/29/us-economy-expands-3-4-in-q3-as-consumer-spending-ai-investment-rise",
        "published": "2026-10-29T15:02:34.000Z"
      },
      {
        "outlet": "The Korea Times",
        "title": "Robust consumer spending, AI-related investment power US economy in third quarter",
        "url": "https://urgent.news/2026/10/29/robust-consumer-spending-ai-related-investment-power-us-economy-in",
        "published": "2026-10-29T15:57:02.000Z"
      },
      {
        "outlet": "Gulf Times Business",
        "title": "Robust consumer spending, AI-related investment power US economy in third quarter",
        "url": "https://urgent.news/2026/10/29/robust-consumer-spending-ai-related-investment-power-us-economy-in-17090768",
        "published": "2026-10-29T16:23:00.000Z"
      }
    ]
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}