Subscribe Register Login

Auburn tops Arkansas 45-21 in season opener

Saturday, August 30, 2014, 9:40 p.m.
Top Picks - Capture Arkansas

U.S. economy grew 3.1% in 3rd quarter, more than forecast

By Bloomberg News

This article was published December 20, 2012 at 7:44 a.m.

— The U.S. economy grew at a 3.1 percent annual rate in the third quarter, more than previously reported, reflecting the first gain in state and local government spending in three years, more consumer purchases and a smaller trade gap.

The revised gross domestic product reading exceeded the highest projection in a Bloomberg survey and compared with a previously estimated 2.7 percent gain, according to Commerce Department figures released Thursday in Washington.

The median estimate of economists called for a 2.8 percent advance.

Projections from the 80 economists surveyed ranged from gains of 2.6 percent to 3 percent. Today’s figure marked the third reading for the quarter. The economy expanded at a 1.3 percent pace in the prior three-month period.

Comments on: U.S. economy grew 3.1% in 3rd quarter, more than forecast

To report abuse or misuse of this area please hit the "Suggest Removal" link in the comment to alert our online managers. Read our Terms of Use policy.

Subscribe Register Login

You must login to make comments.

TOP JOBS

Search 1046 jobs >

Top Picks - Capture Arkansas
Arkansas Online