The U.S. GDP grew at an annual rate of 2.8 percent in the third quarter of this year, marking a slowdown from the previous quarter, the U.S. Department of Commerce reported in an advance estimate released Wednesday.
That figure marks a slight slowdown after real GDP rose 3.0 percent in the second quarter, according to the department's Bureau of Economic Analysis (BEA).
The reported 2.8 percent real GDP growth came in below market expectations for the third quarter, as noted by AFP.
The newly released GDP estimate for the third quarter is based on incomplete source data that may be revised by the BEA, the report said. The second estimate for the third quarter, based on more complete source data, will be released on Nov 27.
US GDP grows 2.8 pct in Q3, falling short of forecasts
China's marine economy showed steady progress in the first three quarters of 2024, with a gross ocean product of 7.7 trillion yuan (more than 1.08 trillion U.S. dollars), a 5.4 percent year-on-year increase, according to the data released by the Ministry of Natural Resources on Thursday.
Approved sea-use areas grew 6.7 percent year on year, involving over 740 billion yuan (nearly 104 billion U.S. dollars) of investment in marine projects.
Marine energy production remained stable, with crude oil and natural gas output up by 5.9 percent and 8.8 percent respectively, and offshore wind power generation surged by 29.5 percent.
The output of domestic marine aquatic products rose over 4 percent.
Shipbuilding sustained its growth trend, with new orders, completed vessels and on-hand orders soaring over 45 percent, 31 percent and 31 percent from the same period of last year, respectively, keeping China in the lead in the global shipbuilding sector.
China's marine economy sustains stable growth in Q1-3
