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11/29/2012 8:30:00 AM Write a Letter to the Editor Write a letter to the Editor

Third-Quarter GDP Revised Up to 2.7%


Navistar International Corp.

The U.S. economy’s annual growth rate was revised up to 2.7% in the third quarter from a previously estimated 2%, the Commerce Department reported Thursday.

The revised gross domestic product rate followed a 1.3% pace in the second quarter, Commerce said. GDP measures the value of all goods and services produced.

Economists had estimated a 2.8% gain, Bloomberg reported.

Thursday’s GDP figure was the second of three for the quarter.

Household purchases rose at a 1.4% annual rate, down from a previously reported 2%, Commerce said.

By Transport Topics

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