US economy grew at 3.1 per cent in July-September

WASHINGTON: The US economy grew at an annual rate of 3.1 percent over the July-September quarter as consumers spent more and state and local governments added to growth for the first time in nearly three years.

US industrial production drops 0.4 percent

WASHINGTON (AP) — Superstorm Sandy depressed U.S. industrial output in October, the latest indication that the storm could temporarily slow the economy.