Revised GDP: U.S. Economy Grows at 3.2% Pace in 3Q

File photo: Shipping cranes and containers at a U.S. port representing exports and imports factored in overall gross domestic product, or GDP. (Photo: REUTERS)

The Commerce Department said the second reading on third-quarter gross domestic product showed the U.S. economy grew at an annualized pace of 3.2%. Economists expected growth at a 3% clip. The initial reading on third-quarter growth was 2.9%.