The U.S. economy grew more slowly in the summer than previously thought because consumers spent less than the government had first estimated. The Commerce Department says the economy grew at an annual rate of 1.8 percent in the July-September quarter. That was the fastest growth this year, up from 1.3 percent in the April-June quarter. But it was down slightly from last month's estimate that the economy was expanding at a 2 percent rate in the summer.
But economists expect growth in the current October-December quarter to be stronger. They think the economy is growing at an annual rate of more than 3 percent in the final three months of this year. That would be the fastest pace since a 3.8 percent performance in the spring of 2010.
How did the U.S. economy fare so far in the first three quarter of 2011? The following economic indicator graphs may give you some ideas.
Real Economic Growth
Unemployment Rate
Consumer Price Index
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