The U.S. Now Says Economy Grew At 4.1% Rate

Dec. 21, 2005
In its third and final assessment of real GDP growth in the third quarter of 2005, the U.S. Commerce Department puts the figure at an annual rate of 4.1%. The department first estimated the inflation-adjusted growth rate in the third quarter at 3.8% and ...

In its third and final assessment of real GDP growth in the third quarter of 2005, the U.S. Commerce Department puts the figure at an annual rate of 4.1%. The department first estimated the inflation-adjusted growth rate in the third quarter at 3.8% and about a month ago raised it to 4.3%. The final GDP figure reflects less consumer spending for consumer durables than had been part of the department's second estimate.

The final figure for the third quarter was two-tenths of a percentage point below the 4.3% rate economists generally expected.

During the first quarter of this year, real GDP grew at a 3.8% annual rate and in the second quarter the economy grew at an annual rate of 3.3%.

The Commerce Department's first report on fourth-quarter 2005 GDP is slated to be released on January 27, 2006.

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