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Moody's Corporation
U.S. GDP grows at better-than-expected 3.9% pace in third quarter
U.S. GDP grows at better-than-expected 3.9% pace in third quarter

While economic growth in much of the world slowed, the U.S. recovery hummed through the summer at an unexpectedly robust pace and posted its best six-month performance in 11 years. The nation's gross domestic product, the broadest measure of economic activity, grew at a 3.9% annual rate in the third quarter of the year, the Commerce Department said Tuesday. The figure was unexpectedly better than the 3.5% annual rate the government reported in its first estimate last month. Economists had forecast the growth rate would be revised down to 3.3%. Instead, the new data combined with 4.6% second-quarter annualized growth to produce the strongest back-to-back expansion since 2003. ...

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