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Revised data: U.S. grew faster in 2nd half of 2013

By The Associated Press

This article was published July 30, 2014 at 9:53 a.m.

WASHINGTON — Fueled by healthier consumer spending, the U.S. economy grew in the second half of last year at the strongest pace in a decade and more than previously estimated, new government data show.

Revised data released Wednesday also suggest a possible factor behind the pickup: Americans saved much more in 2012 than previously thought, leaving more to spend in 2013.

The economy grew at an annual rate of 4.5 percent in last year's third quarter, up from a previous estimate of 4.1 percent. Growth was 3.5 percent in the fourth quarter, up from 2.6 percent. The average 4 percent annual pace was the best six-month showing since 2003.

For 2013 as a whole, the economy expanded 2.2 percent, up from the previous estimate of 1.9 percent.

Comments on: Revised data: U.S. grew faster in 2nd half of 2013

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Displaying 1 - 5 of 5 total comments

AmericasDoomed says... July 30, 2014 at 1:37 p.m.

Can you really believe anything that comes out of Washington?

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3rdWorldState says... July 30, 2014 at 1:57 p.m.

Do some research and find out where that info comes from.

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KCSAP says... July 30, 2014 at 2:53 p.m.

America.... You are correct not believe anything that comes from an administration that is led by a proven and admitted liar. These numbers will be revised down like most of the other bogus economy reports. Notice they left out the 1st quarter 2014 which was revised to negative growth after the initial bogus report..

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DontDrinkDatKoolAid says... July 30, 2014 at 3:48 p.m.

Wow, like this was when? In 2013. Some what late news ????

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Populist says... July 30, 2014 at 3:54 p.m.

All I know is that I see "Help Wanted" signs on the East Coast. My husband is doing lots of sales and purchases of businesses--which is his bread and butter during a strong economy. The neighbors are all remodeling their houses, buying new cars, and going on nice vacations. Times are looking good to me. The poor parts of Arkansas have been poor since the Civil War. They will remain poor until the level of education improves.

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