Update shows U.S. GDP grew 3.1% in Q3

Regulatory

Thursday, December 20, 2012

The U.S. economy grew at an annual rate of 3.1 percent in the third quarter, according to the Bureau of Economic Analysis' final estimate Thursday morning. With more complete source data about economic activity, the agency revised upward its earlier estimate of 2.7 percent growth. In the second quarter, real Gross Domestic Product increased 1.3 percent. An increase in consumer spending and a decrease in imports were the primary reasons for the boost in U.S. produc...

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