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Finance, Real Estate and Mining Drive U.S. Growth in Third Quarter

By Jeffrey Sparshott, Wall Street Journal, Jan. 22, 2015

Finance and insurance, natural resources and real estate industries were the biggest drivers of the third quarter’s strong economic growth, the Commerce Department said Thursday.

The industries accounted for just over half of the 5.0% advance for gross domestic product from July to September. That marked the strongest seasonally adjusted annual pace for GDP, the broadest measure of economic output, in 11 years.

The latest report breaks out contributions from broad industry groups, while earlier figures are categorized by consumer spending, private investment, trade and government spending.

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