GDP Grows 4.1 Percent in Third Quarter

Posted on Dec 20, 2013

The late summer months, it now appears, were a period of economic growth in the United States.

In the third and final revision of third-quarter GDP numbers, the Commerce Department now estimates that output rose at a 4.1 percent annual rate in the July-through-September quarter. It had previously estimated growth at 3.6 percent. That makes last summer the second-best quarter for growth since before the recession in 2007 (the fourth quarter of 2011 logged an even more remarkable 4.9 percent).

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