U.S. Economy Grows at 4.1% Pace in 3Q

[Moonglow]

Great news for Americans. Let us hope that it continues now that Congress is working together better.

The U.S. economy grew at its fastest pace in almost two years in the third quarter while business spending was stronger than previously estimated, pointing to some underlying strength that should be sustained.

Gross domestic product grew at a 4.1 percent annual rate instead of the 3.6 percent pace reported earlier this month, the Commerce Department said in its third estimate on Friday.

That was the quickest pace since the fourth quarter of 2011 and beat economists' expectations for an unrevised 3.6 percent rate. The economy grew at a 2.5 percent pace in the April-June quarter.

Business spending increased at a 4.8 percent rate instead of the 3.5 percent pace reported early this month. That reflected stronger growth in intellectual property products than previously reported.

There were also revisions to consumption. Consumer spending, which accounts for more than two-thirds of U.S. economic activity, was revised up 0.6 percentage point to a 2.0 percent rate. The revisions reflected higher spending on both goods and services than previously estimated.

U.S. Economy Grows at 4.1% Pace in 3Q | Fox Business

 

[rdean]

Don't worry. Republicans will figure out a way to stop it.

 

[Moonglow]

The non Tea Party GOP Congressional members have turned their backs on the Tea Party Congressional members. Even Ryan has jump the TP ship.

 

[boedicca]

Great news for Americans. Let us hope that it continues now that Congress is working together better.

The U.S. economy grew at its fastest pace in almost two years in the third quarter while business spending was stronger than previously estimated, pointing to some underlying strength that should be sustained.

Gross domestic product grew at a 4.1 percent annual rate instead of the 3.6 percent pace reported earlier this month, the Commerce Department said in its third estimate on Friday.

That was the quickest pace since the fourth quarter of 2011 and beat economists' expectations for an unrevised 3.6 percent rate. The economy grew at a 2.5 percent pace in the April-June quarter.

Business spending increased at a 4.8 percent rate instead of the 3.5 percent pace reported early this month. That reflected stronger growth in intellectual property products than previously reported.

There were also revisions to consumption. Consumer spending, which accounts for more than two-thirds of U.S. economic activity, was revised up 0.6 percentage point to a 2.0 percent rate. The revisions reflected higher spending on both goods and services than previously estimated.

U.S. Economy Grows at 4.1% Pace in 3Q | Fox Business

You didn't even bother to read the article, or your reading comprehension is faulty. Most of the gain is due to build up of inventories, which is not sustainable if they aren't sold through.

A large build-up of stocks still accounted for much of the increase in GDP growth in the July-September quarter. That has left economists anticipating a sharp slowdown in the pace of inventory accumulation, which would hurt fourth-quarter growth.

Businesses accumulated $115.7 billion worth of inventories. That compared to prior estimates of $116.5 billion.

 

[iamwhatiseem]

Let's hope...but most of the "growth" was stock inventory as stated in the article.
The economy needs to maintain that growth for several quarters for this to be a meaningful growth pattern. Case in point - analyst are expecting a sharp decline for the 4th quarter...so tentatively the 3rd quarter growth has already fizzled.

 

[Moonglow]

Consumer spending is up so much of the inventory will be depleted, sales over seas are up. It is the first quarter that we will see a low movement of the inventory.

 

[iamwhatiseem]

Consumer spending is up so much of the inventory will be depleted, sales over seas are up. It is the first quarter that we will see a low movement of the inventory.

Most of the inventory is still on the shelf.
There have been numerous articles about this in the past few weeks.
Consumer spending is always up now...however not enough as was hoped for - so companies are expecting to be sitting on inventory come January.
Where you been?

 

[JimH52]

Great news for Americans. Let us hope that it continues now that Congress is working together better.

The U.S. economy grew at its fastest pace in almost two years in the third quarter while business spending was stronger than previously estimated, pointing to some underlying strength that should be sustained.

Gross domestic product grew at a 4.1 percent annual rate instead of the 3.6 percent pace reported earlier this month, the Commerce Department said in its third estimate on Friday.

That was the quickest pace since the fourth quarter of 2011 and beat economists' expectations for an unrevised 3.6 percent rate. The economy grew at a 2.5 percent pace in the April-June quarter.

Business spending increased at a 4.8 percent rate instead of the 3.5 percent pace reported early this month. That reflected stronger growth in intellectual property products than previously reported.

There were also revisions to consumption. Consumer spending, which accounts for more than two-thirds of U.S. economic activity, was revised up 0.6 percentage point to a 2.0 percent rate. The revisions reflected higher spending on both goods and services than previously estimated.

U.S. Economy Grows at 4.1% Pace in 3Q | Fox Business

You didn't even bother to read the article, or your reading comprehension is faulty. Most of the gain is due to build up of inventories, which is not sustainable if they aren't sold through.

A large build-up of stocks still accounted for much of the increase in GDP growth in the July-September quarter. That has left economists anticipating a sharp slowdown in the pace of inventory accumulation, which would hurt fourth-quarter growth.

Businesses accumulated $115.7 billion worth of inventories. That compared to prior estimates of $116.5 billion.

AND THE GOP NAY SAYERS OFFICIALLY BEGIN!

 

[Moonglow]

If it was a GOP president it would be good news.

 

[iamwhatiseem]

If it was a GOP president it would be good news.

Wrong.
As you should have noticed, but then again you probably already stopped reading this post by now, WE ALL READ THE ARTICLE.
You didn't. So we knew it wasn't great news. We don't just read the headline and assume it is correct.

 

[Moonglow]

If it was a GOP president it would be good news.

Wrong.
As you should have noticed, but then again you probably already stopped reading this post by now, WE ALL READ THE ARTICLE.
You didn't. So we knew it wasn't great news. We don't just read the headline and assume it is correct.

Can you tell me where my lost knife is? Since you know more about myself and my actions than I do.

 

[iamwhatiseem]

If it was a GOP president it would be good news.

Wrong.
As you should have noticed, but then again you probably already stopped reading this post by now, WE ALL READ THE ARTICLE.
You didn't. So we knew it wasn't great news. We don't just read the headline and assume it is correct.

Can you tell me where my lost knife is? Since you know more about myself and my actions than I do.

Well....I hoped you didn't read the article....
If you did - why would you still talk about how this is great news?
Not to sound like an ass - but you do know what inventory based growth is - right?
Large companies purchase raw materials, then produce products, retailers build up inventory in preparation for hoped sales.
The sales are not happening as expected....this is not good news Moon.

 

[Moonglow]

we will see.

 

[Sallow]

Great news for Americans. Let us hope that it continues now that Congress is working together better.


U.S. Economy Grows at 4.1% Pace in 3Q | Fox Business

You didn't even bother to read the article, or your reading comprehension is faulty. Most of the gain is due to build up of inventories, which is not sustainable if they aren't sold through.

A large build-up of stocks still accounted for much of the increase in GDP growth in the July-September quarter. That has left economists anticipating a sharp slowdown in the pace of inventory accumulation, which would hurt fourth-quarter growth.

Businesses accumulated $115.7 billion worth of inventories. That compared to prior estimates of $116.5 billion.

AND THE GOP NAY SAYERS OFFICIALLY BEGIN!

Same during the Clinton administration.

 

[rightwinger]

Consumer spending is up so much of the inventory will be depleted, sales over seas are up. It is the first quarter that we will see a low movement of the inventory.

Most of the inventory is still on the shelf.
There have been numerous articles about this in the past few weeks.
Consumer spending is always up now...however not enough as was hoped for - so companies are expecting to be sitting on inventory come January.
Where you been?

Lets hear your expert analysis

Was it a good quarter or a bad quarter?

 

[JakeStarkey]

U.S. Economy Grows at 4.1% Pace in 3Q is good news, and we will see the inventories liquidated as the season continues.

Inventories are important, yes, but so are future orders etc. We are in better shape now than at the end of the Bush presidency.

 

[Moonglow]

Industrial production increased 1.1 percent in November after having edged up 0.1 percent in October; output was previously reported to have declined 0.1 percent in October. The gain in November was the largest since November 2012, when production rose 1.3 percent. Manufacturing output increased 0.6 percent in November for its fourth consecutive monthly gain. Production at mines advanced 1.7 percent to more than reverse a decline of 1.5 percent in October. The index for utilities was up 3.9 percent in November, as colder-than-average temperatures boosted demand for heating. At 101.3 percent of its 2007 average, total industrial production was 3.2 percent above its year-earlier level. In November, industrial production surpassed for the first time its pre-recession peak of December 2007 and was 21 percent above its trough of June 2009. Capacity utilization for the industrial sector increased 0.8 percentage point in November to 79.0 percent, a rate 1.2 percentage points below its long-run (1972-2012) average.

Industrial Production and Capacity Utilization

Market Groups

The production of consumer goods increased 1.5 percent in November and stood 2.7 percent above its level of a year earlier. The output of durable consumer goods rose 2.2 percent, and all of its major components registered gains of 1.0 percent or more. The largest increases were in the production of automotive products, which rose 3.3 percent, and in the production of home electronics, which moved up 2.6 percent. The production of consumer nondurables rose 1.3 percent. The rise was supported by strong gains in chemical products and especially in consumer energy products. After three consecutive months of gains, the output of business equipment fell 0.5 percent in November. The indexes for information processing equipment and for industrial and other equipment declined 1.8 percent and 0.6 percent, respectively, while the production of transit equipment increased 1.0 percent. Despite its decrease in November, the index for business equipment was 2.2 percent above its year-earlier level.

 

[rightwinger]

The Stock Market seems to think 4.1 GDP increase is good news

Lucky for us, USMB Conservatives don't control the market

 

[Moonglow]

WHAT RESPONDENTS ARE SAYING ...

"Seasonal demand has not decreased at the typical pace." (Primary Metals)
"Incoming order rate remaining strong." (Fabricated Metal Products)
"Outlook for the remainder of the year and into 2014 is trending positive." (Chemical Products)
"Overall business climate is good. Business is steady." (Transportation Equipment)
"Sequestration and cutbacks in defense spending continue to impact business." (Computer & Electronic Products)
"Market continues to be stronger than normal for this time of year." (Wood Products)
"Getting much busier toward the end of the year." (Furniture & Related Products)
"Seeing consistent uptick in demand." (Food, Beverage & Tobacco Products)
"Federal debt, deficit and inefficiency are causing a level of caution and uncertainty." (Machinery)
"Ordering for 2014 seems to be increasing in comparison to the past six months." (Miscellaneous Manufacturing)

ISM - ISM Report - November 2013 Manufacturing ISM Report On Business®

 

[Moonglow]

The Stock Market seems to think 4.1 GDP increase is good news

Lucky for us, USMB Conservatives don't control the market

Another record setting day yesterday.