Official figures show that the US economy grew at an annual rate of 3.9% in the third quarter of this year, much better than economists had expected.
The economy picked up pace from the 3.8% growth recorded in the second quarter to post the strongest expansion since 2006's first quarter.
There was healthy growth in most sectors, except for housing, which shaved more than a percentage point from growth. The housing sector posted a 20.4% decline, its worst performance in two years.
Consumer spending rebounded to a 3% annual growth rate, after a weak 1.4% gain in the second quarter. Exports, underpinned by a weak dollar, continued to support the expansion with a 16.2% increase.
