Thursday, November 7, 2013

Fwd: News Alert: U.S. economy grew at 2.8% rate over summer

US economy was picking up steam until the tea party decided to play chicken with our credit and budget again.



---------- Forwarded message ----------
From: The Washington Post <newsletters@email.washingtonpost.com>
Date: Thu, Nov 7, 2013 at 8:43 AM
Subject: News Alert: U.S. economy grew at 2.8% rate over summer
To: mbannerman@arcstarenergy.com


U.S. economy grew at 2.8% rate over summer
The Washington Post Thursday, November 7, 2013 8:42:55 AM

News Alert

U.S. economy grew at 2.8% rate over summer

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The U.S. economy expanded at a 2.8 percent annual rate from July through September, a surprising sign of strength ahead of the 16-day partial government shutdown. Exports rose, businesses stocked up, home construction increased and state and local governments spent at the fastest pace in four years.

The Commerce Department says growth increased from a 2.5 percent annual rate in the April-June period to the fastest pace in a year.


Read more at:
http://www.washingtonpost.com/business/us-economic-growth-like-slowed-in-second-half-of-the-year-hurt-by-government-policies/2013/11/07/52514d00-4783-11e3-95a9-3f15b5618ba8_story.html







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Monty Bannerman
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