Economy grows at slower pace than projected

The U.S. economy grew in the third quarter but at a slightly lower pace than projected a month ago.

The economy grew 2.2 percent for the July-to-September quarter, according to figures released today by the Bureau of Economic Analysis. In last month's estimate, the BEA pegged the growth at 2.8 percent.

Among the areas that were weaker than expected were consumer spending and commercial construction.