BOSTON (AP) — A report says growth in Massachusetts' gross domestic product outpaced the nation in the fourth quarter of 2013.
Economists for MassBenchmarks, a journal published by the Donahue Institute at the University of Massachusetts, said Thursday the state's GDP grew at an estimated annual rate of 5.5 percent in the October-December period.
The U.S. Commerce Department reported Thursday that the nation's economy grew at a 3.2 percent rate in the fourth quarter on the strength of the strongest consumer spending in three years.
MassBenchmarks senior contributing editor Alan Clayton-Matthews said Massachusetts is benefiting from improvements in U.S. and worldwide economic conditions.
The state outpaced the nation's growth rate in three of the four quarters in 2013.