Economy Grew 4.1% in Q3

It's the best mark since 2011
By Kevin Spak,  Newser Staff
Posted Dec 20, 2013 7:56 AM CST
Economy Grew 4.1% in Q3
Graphic shows recent GDP numbers, with the originally reported 3.6% number for Q3.   (Associated Press)

The US' GDP grew at a 4.1% annualized rate in the third quarter, its best showing since the last three months of 2011, the Commerce Department announced today. The number is revised upward from the Department's initial 3.6% estimate. Economists surveyed by Bloomberg had been expecting that 3.6% number to hold. It also represents a big jump from second quarter's 2.5% move.

Soaring stock and home prices are "leading to pretty healthy gains in wages and salaries," one economist explained. "All of that is coming together to create accelerating private domestic demand, which bodes well for GDP growth heading into next year." (Read more US gross domestic product stories.)

Get breaking news in your inbox.
What you need to know, as soon as we know it.
Sign up
We use cookies. By Clicking "OK" or any content on this site, you agree to allow cookies to be placed. Read more in our privacy policy.
Get the news faster.
Tap to install our app.
Install the Newser News app
in two easy steps:
1. Tap in your navigation bar.
2. Tap to Add to Home Screen.