The U.S. economy grew at a record pace during the third quarter, according to a second estimate released Wednesday by the Commerce Department. Gross Domestic Product rose 33.1% during the three months through September, unrevised from the first estimate and in line with the expectations of analysts surveyed by Refintiiv. The initial estimate released last month showed record growth as the U.S. economy recovered from its COVID-19 induced slowdown. The U.S. economy, the world’s largest, contracted at an annualized pace of 32.9% in the second quarter as blockades aimed at curbing the spread of the virus brought activity to a halt.

The second estimate included upward revisions to nonresidential fixed investment, residential investment and exports. These were offset by downward revisions to state and local government spending, private inventory investment and personal consumption expenditures. Imports, which reduce GDP, were revised upward.