U.S. economy grows at 3.6% rate on bigger inventory build

A ROW OF 2014 Ford Motor Co. Focus vehicles sit on display at Uftring Ford in East Peoria, Ill. Inventory buildup -- the largest since early 1998 -- partly accounted for an unexpected 3.6 percent growth in GDP for the third quarter. Economists surveyed by Bloomberg had predicted a 3.1 percent gain. / BLOOMBERG FILE PHOTO/DANIEL ACKER
A ROW OF 2014 Ford Motor Co. Focus vehicles sit on display at Uftring Ford in East Peoria, Ill. Inventory buildup -- the largest since early 1998 -- partly accounted for an unexpected 3.6 percent growth in GDP for the third quarter. Economists surveyed by Bloomberg had predicted a 3.1 percent gain. / BLOOMBERG FILE PHOTO/DANIEL ACKER
WASHINGTON – The U.S. economy expanded in the third quarter at a faster pace than initially reported, led by the biggest increase in inventories since early 1998. Consumer spending slowed. Gross domestic product climbed at a 3.6 percent annualized rate, up from an initial estimate of 2.8 percent and the strongest since the first quarter…

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