FXstreet.com (Barcelona) - US Economy grew at a robust pace during the summer months thanks to good results on exports and consumer spending which have offset the negative influence of the weak housing sector, which made possible a higher than expected GDP growth.

Gross Domestic Product increased 3.9% from July to September instead of the 3.2% increase expected by the market analysts. GDP has grown at a 3.8% pace in the Q2 and 0.6% in the first three months of the year.

The main reason for this reading has been the good performance of exports which helped to maintain economic growth despite the housing slump.