In Q3 2024, the United States economy remained solid (+0.7% after +0.7% in Q2). On the demand side, private consumption accelerated (+0.9% in Q3, after +0.7% in Q2): in particular, purchases of goods strengthened and continue to increase well beyond their 2019 level. Public consumption and investment returned to strong growth (+1.2%), driven by military spending. Private investment slowed (+0.4% after +0.6%): on the one hand, the drop in housing starts in early 2024 resulted in a decline in residential investment (-1.3%), while on the other hand, non-residential investment continues to slow (+0.9% after +1.0%), with the gradual weakening of public support provided under the Inflation Reduction Act (IRA), which had boosted industrial investment since the start of 2022. Foreign trade hampered growth (-0.2 points) for the third consecutive quarter: exports certainly increased vigorously (+1.8%), but less quickly than imports (+2.5%)...