Breaking News Alert The New York Times Thursday, October 30, 2008 -- 8:43 AM ET ----- United States Economy Contracted by 0.3% in Third Quarter The Commerce Department reported that gross domestic product, which measures the output of goods and services, fell 0.3 percent in the third quarter, the weakest quarterly reading in seven years. Economists expected an even steeper fall of 0.5 percent. Personal consumption spending fell at a 3.1 percent annual rate, the first time spending has contracted since the recession of 1991. Read More: http://www.nytimes.com/?emc=na ----- Now get the New York Times Breaking News to your mobile phone. Sign up for the alerts by texting NEWSALERTS to 698698 (NYTNYT). ----- About This E-Mail You received this message because you are signed up to receive Breaking News Alerts from NYTimes.com. To unsubscribe, change your e-mail address or to sign up for daily headlines or other newsletters, go to: http://www.nytimes.com/email NYTimes.com 620 Eighth Ave. New York, NY 10018 Copyright 2008 The New York Times Company
-- Posted By Breaking News to Break News at 10/30/2008 02:47:00 PM
