AP News

News Summary: US economic growth remains tepid


GROWTH INCREASES: The U.S. economy grew at a 2 percent annual rate from July through September, buoyed by higher consumer and government spending. That was better than the April-June rate of 1.3 percent, but not fast enough to rapidly boost job creation.

CAMPAIGN IMPACT: Friday's report from the Commerce Department is the last broad economic snapshot before Americans choose a president Nov. 6. But analysts said it's unlikely to sway many undecided voters.

LITTLE MOMENTUM: Economists said the report included few signs the economy is gaining momentum. A big jump in defense spending helped boost growth. But that's unlikely to be repeated.


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