US economic growth slows sharply

  • 29 October 2015

US economic growth slowed sharply in the third quarter of the year.

Gross domestic product grew at an annualised pace of 1.5% between July and September, according to the Department of Commerce, down from a rate of 3.9% in the second quarter.

The slowdown was partly due to companies running down stockpiles of goods in their warehouses.

On Wednesday, the Federal Reserve kept rates unchanged and said the economy was expanding at a "moderate" pace.


Analysis: Andrew Walker, economics correspondent

BBC © 2015 The BBC is not responsible for the content of external sites. Read more.

 

http://www.bbc.com/news/business-34667254