PLEDGE NOW
Here and Now with Robin Young and Jeremy Hobson
Public radio's live
midday news program
With sponsorship from
Mathworks - Accelerating the pace of engineering and science
Accelerating the pace
of engineering and science
Friday, December 20, 2013

US Economy Expands At 4.1 Percent Rate

The U.S. economy grew at a solid 4.1 percent annual rate from July through September, the fastest pace since late 2011 and significantly higher than previously believed. Much of the upward revision came from stronger consumer spending.

The Commerce Department’s final look at growth in the summer was up from a previous estimate of 3.6 percent. Four-fifths of the revision came from stronger consumer spending, primarily in the area of health care.

The 4.1 percent third quarter growth rate came after the economy expanded at a 2.5 percent rate in the second quarter. Much of the acceleration reflected a buildup in business stockpiles.

Economists expect growth has slowed to between 2 percent and 2.5 percent in the current quarter, in part because they believe inventory growth has slowed.

Marty Schenker of Bloomberg News joins Here & Now’s Robin Young to discuss the new numbers.

Guest

  • Marty Schenker, executive editor of Top News for Bloomberg. He tweets @mschenker.

Please follow our community rules when engaging in comment discussion on this site.
Robin and Jeremy

Robin Young and Jeremy Hobson host Here & Now, a live two-hour production of NPR and WBUR Boston.

May 28 Comment

How Bits Of Pink Chewing Gum In A Pouch Changed Baseball

The story of Big League Chew starts in a bullpen, where two pitchers didn't like players' habit of chewing tobacco.

May 28 4 Comments

The Epic Rise And Fall Of BlackBerry

How does a company go from controlling half the world's smartphone market to less than 1 percent?

May 27 Comment

Parched Rivers, Grasslands Choke California Wildlife

Here & Now's Peter O'Dowd reports there is no relief in sight for California farmers and wildlife ravaged by drought.

May 27 21 Comments

Comedy Writer Brings ‘The Tweet Of God’ To Broadway

"An Act of God," starring Jim Parsons, was born out of David Javerbaum's parody Twitter account @TheTweetOfGod.