Economy Grows Faster Than Thought in 3Q
AP ^ | 12/22/04 | Jeannine Aversa
 

Posted on 12/22/2004 6:32:50 AM PST by Pikamax
 

Associated Press Economy Grows Faster Than Thought in 3Q Wednesday December 22, 8:37 am ET By Jeannine Aversa, Associated Press Writer Economy Advances at Annual Rate of 4 Percent in the Third Quarter, Faster Than Previously Thought

WASHINGTON (AP) -- The economy revved up its engine in the third quarter and advanced at an annual rate of 4 percent-- even faster than previously thought. The new reading on gross domestic product, released Wednesday by the Commerce Department, exceeded the previous estimate of a 3.9 percent growth rate for the July-to-September quarter. It marked the best showing since the opening quarter of this year and was up from a 3.3 percent pace in the second quarter.