WKYT | Lexington, Kentucky | News

Year-end growth spurt not likely to be repeated

WASHINGTON (AP) - The burst of energy the economy showed at the end of last year isn't likely to be repeated anytime soon.

The Commerce Department says the economy grew at a 5.6 percent pace in the October-to-December quarter in its third and final estimate of economic activity for the period.

Even though growth turned out to be a tad less than the government's prior two estimates for the quarter, the new reading still marked the strongest showing in six years.

Most economists, however, think growth slowed in the current quarter.

That's because the main force behind the fourth-quarter's big rebound - a burst of manufacturing activity after companies let their stockpiles dwindle during the recession - is already fading.


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