Finance

The US economy has good news on Tuesday.

The economy grew by 2.1% from July to September, according to the Commerce Department. That's better than its initial estimate of 1.5%.

The revision is a sign that the economy weathering the global slowdown better than some had previously expected. It also comes just weeks after the best report on employment growth during October.The improved figure is another indication of US consumers - the main engine of economic growth - elasticity has been shown this year.
Overall, US retail sales were a little in October, although it is already mixed signs about consumer spending recently. Big retailers like Nordstrom (JWN) and Walmart (WMT) have warned, they do not expect big Christmas sales.

But home improvement companies such as Home Depot (HD) and Lowe (LOW) have seen a healthy rise of big-ticket purchases for things like roofs and kitchen countertops.The fear was that the global economic slowdown and strong US dollar were to complain US trade and exports.These headwinds are still present, but they can abating go in 2016th.