Thursday, October 29, 2009

Nation’s GDP rises 3.5 percent in third quarter

The nation’s real gross domestic product increased at an estimated annual rate of 3.5 percent in the third quarter, the Bureau of Economic Analysis said in an advance estimate Thursday.

In the second quarter, real GDP — the output of goods and services produced by labor and property in the United States — decreased 0.7 percent, the BEA said in a release.

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