A bounce in the U.S. economy beyond expectations in summer, as the withdrawals of the corporate inventories has been compensated by the solid consumer spending.

According to the Bureau of Economic Analysis, the GDP saw an edge up by 2.9% on annual rate rather than the 2.6% reported earlier, while expectations earlier hovered around a little ascending revision of 0.1% to 2.7%

The 1.7% raise of the real consumer spending was the main element behind the revision.

Inflation figures came more powerful than the one reported earlier in summer, the core personal consumer expenditures that precisely mirror the real consumers’ spending more than the CPI has been amended from 4.5% to 4.6%.

The Job openings and turnover survey for October is expected to be released today at 10:00 ET.