00:00 Jennifer
Joe, always good to see you. Thanks so much for joining me.
00:04 Joe
Thank you, very good to be with you Jennifer. Happy holidays.
00:07 Jennifer
Happy holidays to you, and what a way to kick off the holidays with such a stellar third quarter GDP number of 4.3%, a full percentage point above expectations, and driven by consumer spending up three and a half percent, though a large chunk of that from healthcare spending. But we also saw trade really add to this number as well. Joe, can we see this level of growth sustained into next year?
00:41 Joe
Yes, let me say this, you mentioned the consumer, talk about healthcare. Healthcare was up a lot. Yes. However, consumer goods spending in real terms up over 3%, recreation up around 7%, transportation up also we have around 7%. It had a big gain in other consumer spending services….
