The tech sector is growing faster than the rest of the economy

Analysts at IHS Markit say the tech sector grew at an annual rate of 3.5 percent in the third quarter, faster than a similar period in the previous quarter.

The industry, however, is slowing and that’s likely to affect the next two quarters, according to analysts.

IHS says the average growth rate in the sector was 3.2 percent in 2017.

The sector was previously expected to grow at 3.4 percent in 2018.

Industry growth has been on a slow decline since the second quarter of 2018.

The median annual growth rate was 1.7 percent in 2016, according a report from FBR Capital Markets.

The economy expanded by just 2.3 percent in 2019.

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