U.S. economy grew 2.7% in third quarter
November 29th, 2012
08:55 AM ET
1 year ago

U.S. economy grew 2.7% in third quarter

New York (CNNMoney) - The U.S. economy grew faster than previously reported in the third quarter, as businesses built up their inventories and international trade was stronger than expected.

Gross domestic product, the broadest measure of the nation's economic health, grew at an annual rate of 2.7% from July to September, the Commerce Department said Thursday, faster than the 1.3% rate in the second quarter, and better than originally reported.

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Filed under: Economy
soundoff (13 Responses)
  1. Rudy NYC

    That's good news. The bad news is that a new normal appears to have manifiested itself within the economy. For the past 3 years the economy has undergone a slump during the late spring and early summer months.

    November 29, 2012 09:19 am at 9:19 am |
  2. Me IN HOUSTON

    GO U.S. ECONOMY GO!!!
    GO AMERICANS! GET WORKIN'!!
    GO ECONOMY!!! GET STRONGER!!!
    LET ME HEAR YA SAY, GO U.S. GO U.S. GO!!!

    Real Americans, Real patriots rejoice at signs of recovery and encourage the nation to do better. They want to see their country succeed.
    Only haters and traitors talk down on American success

    November 29, 2012 09:26 am at 9:26 am |
  3. julie

    FORWARD as she goes..............YES....Obama was RIGHT..........slowly BUT SURELY...........good for the country things are looking MUCH better as time goes on....

    November 29, 2012 09:26 am at 9:26 am |
  4. Canuck

    Great news for America which translates to bad news for the Republicans as it means Obama is successful.

    November 29, 2012 09:27 am at 9:27 am |
  5. rs

    Wait for it.... The GOP should be out with its usual delusional take on the state of the economy any minute now. While we wait, can anyone list ANYTHING the GOP has done to improve the economy for average Americans since their economic crash of 2007? Anybody?

    November 29, 2012 09:32 am at 9:32 am |
  6. Rick McDaniel

    The government lies to us all the time, about growth, because they need the support of the fools in the Dem Party.

    The people out here in the real world, see from looking around, that it is nothing but manipulating the numbers.

    November 29, 2012 09:34 am at 9:34 am |
  7. Pete

    Wait till republicans spin this one out of orbit.They hate the presidents progress on anything and they know even with their obstructionist congress he's still getting things done,maybe slower but still getting it done..Now after NC recount showing another democrate victory its been a clean sweep with Democrates picking up all 8 seats and republicans gaining 0.Just the writtings on the wall,get with the program republicans or you'll be all gone after midterms and you know it .The same goes for Norquists pledge because it'll be useless after that because all of his signees will be gone and none of the new reps will ever sign anything as unpatriotic as that,he's basicly done and he knows it,plain and simple....

    November 29, 2012 09:38 am at 9:38 am |
  8. rs

    There it is! I give you Rick McDaniel!

    November 29, 2012 10:00 am at 10:00 am |
  9. J'Cincinnati'Redd

    Ok guys we can do this slowly,one step at a time. We can get our great country back on track. My party did not win the election and that sucks but this is my USA, lets get a deal done and avoid the big'cliff'. like it or not repub and dem we are all in this together. team america.

    November 29, 2012 10:04 am at 10:04 am |
  10. Larry in Houston

    The "Roman Numeral" that works for CNN knows this.

    November 29, 2012 10:08 am at 10:08 am |
  11. The Real Tom Paine

    -Rick McDaniel

    The government lies to us all the time, about growth, because they need the support of the fools in the Dem Party.

    The people out here in the real world, see from looking around, that it is nothing but manipulating the numbers.
    *********************************************
    Doubtful you know anything of the real world, based upon your comments. As far as manipulation of numbers is concerned, shouldn't you be screaming at Dick Morris, Karl Rove and the rest of the rightie spin doctors at your propaganda network? Oh, that's right, not until your meds kick in.

    November 29, 2012 10:14 am at 10:14 am |
  12. Jerubbaal

    J'Cincinnati'Redd

    Awesome post

    This is the spirit that is needed to get this country back on track.

    Praise God!!!

    November 29, 2012 10:16 am at 10:16 am |
  13. Gurgyl

    I have been telling THIS president is a gift to USA. I proud that I campaigned for this one. God bless!!!! GOP guys better listen him before they collapse.

    November 29, 2012 10:21 am at 10:21 am |