Third quarter GDP jumps to 4.1 percent

(Dec. 20, 2013) -- "Encouragingly, the upward revision to third-quarter GDP growth as a whole was largely the result of an unexpected upward revision to consumer spending growth in the quarter to an annualized 2.0 percent, which was up from 1.4 percent in the second estimate and 1.5 percent in the first estimate," said Janzen. "Business investment was also revised modestly higher."