Feeling more productive lately? You aren’t alone. The nation had an increase in production of goods and services over the summer that offset declines from earlier in the year. It swung into positive economic territory, according to the federal agency that measures the nation’s economic growth.
Gross domestic product grew 0.6% in the third quarter or an annualized 2.6%, according to the estimate from the U.S. Bureau of Economic Analysis. That’s thanks to the U.S. upping trade by increasing oil exports while consumers spent more on health care and other services though at a slower pace than before. The federal government raised defense spending. Wages were up.
A Renegade Oil and Gas Co. site is seen on Aug. 12, 2022, in Adams County. (Olivia Sun, The Colorado Sun via Report for America)
But you may not have even noticed that growth, which was adjusted for inflation. Economic sentiment was mixed because not…
