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Story perspectives

U.S. GDP Grows 4.4% Driven by Manufacturing, Exports

1/23/2026

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Story summary
  • The third-quarter GDP data were revised to show 4.4 percent annualized growth, driven by manufacturing.
  • Exports rose and imports fell, rather than government spending, as the main growth sources.
  • U.S. President Donald Trump’s policies, including tariffs and tax reforms, are credited with this growth.
  • As government spending declines, private investment and productivity support the expansion.
  • The trend suggests a more sustainable growth model with manufacturing as a key driver.