U.S. Economy Grows at 4.1% Pace in 3Q

[Moonglow]

I am glad that the budget deal included reducing the deficit.

 

[Moonglow]

We beat expectations of growth as did other nations.

 

[rdean]

Great news for Americans. Let us hope that it continues now that Congress is working together better.

The U.S. economy grew at its fastest pace in almost two years in the third quarter while business spending was stronger than previously estimated, pointing to some underlying strength that should be sustained.

Gross domestic product grew at a 4.1 percent annual rate instead of the 3.6 percent pace reported earlier this month, the Commerce Department said in its third estimate on Friday.

That was the quickest pace since the fourth quarter of 2011 and beat economists' expectations for an unrevised 3.6 percent rate. The economy grew at a 2.5 percent pace in the April-June quarter.

Business spending increased at a 4.8 percent rate instead of the 3.5 percent pace reported early this month. That reflected stronger growth in intellectual property products than previously reported.

There were also revisions to consumption. Consumer spending, which accounts for more than two-thirds of U.S. economic activity, was revised up 0.6 percentage point to a 2.0 percent rate. The revisions reflected higher spending on both goods and services than previously estimated.

U.S. Economy Grows at 4.1% Pace in 3Q | Fox Business

You didn't even bother to read the article, or your reading comprehension is faulty. Most of the gain is due to build up of inventories, which is not sustainable if they aren't sold through.

A large build-up of stocks still accounted for much of the increase in GDP growth in the July-September quarter. That has left economists anticipating a sharp slowdown in the pace of inventory accumulation, which would hurt fourth-quarter growth.

Businesses accumulated $115.7 billion worth of inventories. That compared to prior estimates of $116.5 billion.

Why bother to read it? Whatever good happens, Republicans will find a way to destroy it. It's what they do.

 

[Spiderman]

Great news for Americans. Let us hope that it continues now that Congress is working together better.

The U.S. economy grew at its fastest pace in almost two years in the third quarter while business spending was stronger than previously estimated, pointing to some underlying strength that should be sustained.

Gross domestic product grew at a 4.1 percent annual rate instead of the 3.6 percent pace reported earlier this month, the Commerce Department said in its third estimate on Friday.

That was the quickest pace since the fourth quarter of 2011 and beat economists' expectations for an unrevised 3.6 percent rate. The economy grew at a 2.5 percent pace in the April-June quarter.

Business spending increased at a 4.8 percent rate instead of the 3.5 percent pace reported early this month. That reflected stronger growth in intellectual property products than previously reported.

There were also revisions to consumption. Consumer spending, which accounts for more than two-thirds of U.S. economic activity, was revised up 0.6 percentage point to a 2.0 percent rate. The revisions reflected higher spending on both goods and services than previously estimated.

U.S. Economy Grows at 4.1% Pace in 3Q | Fox Business

Excuse me but the economy grew because the congress was gridlocked. and 1 good quarter does not mean the economy is healthy.

 

[Politico]

Cool. Now all it needs to do is grow for the right people.

 

[SteadyMercury]

Excuse me but the economy grew because the congress was gridlocked. and 1 good quarter does not mean the economy is healthy.

1. Much of the growth was from increases in consumer spending.
2. Agreed, the economy isn't healthy. That doesn't mean this isn't positive news.

 

[Spiderman]

Excuse me but the economy grew because the congress was gridlocked. and 1 good quarter does not mean the economy is healthy.

1. Much of the growth was from increases in consumer spending.
2. Agreed, the economy isn't healthy. That doesn't mean this isn't positive news.

And congress shouldn't get the credit