From: "CNN Breaking News" <BreakingNews@mail.cnn.com>
Date: Dec 20, 2013 9:31 AM
Subject: CNN Breaking News
To: <textbreakingnews@ema3lsv06.turner.com>
Cc:
Wow! The U.S. economy suddenly looks a lot perkier in the third quarter than originally thought, according to revised data released by the government today.
Gross domestic product -- the broadest measure of economic activity -- grew at a 4.1% annual pace in the third quarter, up from the 2.8% pace that was originally reported in November. The government typically reports its GDP figures at least three times, and today's report is the final number for the third quarter.
This is encouraging news, especially after economists had largely written off the previous GDP revision for the third quarter because much of the growth came from businesses building up their inventories.
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