Home » Business News in Chula Vista » U.S. Is Set for Fourth-Quarter Growth Pickup on Lower Inventories: Economy

U.S. Is Set for Fourth-Quarter Growth Pickup on Lower Inventories: Economy

Full Article

The economy in the U.S. expanded less than previously estimated in the third quarter, reflecting a drop in inventories that points to a pickup in growth as 2011 comes to a close.

Gross domestic product climbed at a 2 percent annual rate from July through September, less than projected and down from a 2.5 percent prior estimate, revised Commerce Department figures showed today in Washington. The median forecast of 81 economists surveyed by Bloomberg News called for no revision. Excluding stockpiles, so-called final sales climbed 3.6 percent, the most since last year’s fourth quarter.

0saves


If you enjoyed this post, please consider leaving a comment or subscribing to the RSS feed to have future articles delivered to your feed reader.

Eastlake Times

Eastlaketimes.com is an online guide to Eastlake, a master planned community of Chula Vista.

Eastlake News, Sports, Business, Entertainment, Chula Vista Real Estate, and more.

More Posts - Website

Follow Me:
TwitterFacebookYouTube

Leave a Reply

Your email address will not be published.


*