The economy surged to an 8.2
percent annual rate in the third quarter, the fastest pace in nearly two decades and a much stronger performance than originally predicted.
The revised gross domestic product, released by the Commerce Department, was a full percentage point higher than the 7.2 percent growth rate estimated a month ago.
The new estimate reflected stronger investment by business on new equipment
and software, less severe cuts in companies' inventories and more brisk
spending on residential projects.