U.S. data showed in a second reading that the gross domestic product of the world's largest economy grew by 5.2 percent year-on-year in the third quarter of this year, versus expectations that growth will remain unchanged from the first reading at 4.9 percent.
The current growth rate is the highest since the fourth quarter of 2021, as the US economy is experiencing strong resilience despite tightening monetary policy in order to curb inflation.
In the second quarter of this year, the US economy grew at a rate of 2.1 percent year-on-year, during the April-June period, in a recent reading, continuing its strong performance despite rising interest rates.
The second reading remained identical to the same rate recorded in the first reading for the growth of the world's largest economy during the second quarter of this year.
In the first quarter, the U.S. economy grew by 2 percent.