Nov. 26, 2003: U.S. Economy Grew 8.2 Percent In Third Quarter
November 26, 2003
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WASHINGTON - According to the revised gross domestic product (GDP) report from the U.S. Department of Commerce, the U.S. economy grew at an annual rate of 8.2 percent in the third quarter, the best quarterly performance since 1984.
The revised figure was a percentage point higher than the 7.2 percent estimate released previously.
The new GDP estimate is based on more complete source data than were available for the advance estimate, the Commerce Department noted. One of the major contributors to the upwardly revised number was an acceleration in residential fixed investment.
Publication date: 11/24/2003
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