Spending Up in Fourth Quarter

By: 23 Newsroom
By: 23 Newsroom

The economy is looking up. That's what some are saying after the Commerce Department reports the gross domestic product grew by four point one percent.

It pleasantly surprised analysts. They estimated a three point eight percent increase for the fourth quarter.

Many are saying brisk business spending is the cause.

The GDP measures the value of all goods and services produced in the U.S. It's considered the broadest measure of economic activity.

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