In a sign that the economy may be picking up, the gross domestic product increased at an annual rate of 3.5% in the third quarter, according to advanced estimate released today by the Commerce Department.
That's an improvement over the second quarter, when it declined 0.7%%.
From July through September, real gross domestic purchases-purchases by Americans of goods and services wherever they were produced-increased 4%, following a 2.3% decline in the second quarter.
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