When all you read is gloom, turn here for a much different perspective.
Thursday, December 20, 2012
The latest number easily topped market expectations for a 2.8 percent advance.
Demand figures also got a boost. Final sales of domestic product increased 2.4 percent versus the second estimate of 1.9 percent and second quarter growth of 1.7 percent. Final sales to domestic producers (which exclude net exports) were revised to 1.9 percent, compared to the second estimate of 1.7 percent and compared the prior quarter's 1.4 percent.