The revised figure shows a big jump over the 1.3% annual rate of growth in the second quarter.
Economists had been looking for a revised 0.5 percent annual rate of growth.
As for the annual rate of growth, that slowed to 2.8% - which, however, still looks handsome compared with UK growth.
However, industrial production dropped in April by 0.5%, cutting the annual rate of growth to just 1.6%, the slowest for almost two years.
But, far from supporting the recovery, our export sector actually pulled it down in 2012, with net exports subtracting about 0.8 percentage points from the annual rate of growth.
That might still sound modest, but the annual rate of growth in American imports has slowed from almost 20% in the second quarter of last year to minus 10% this year.
It has a population of about 65m and the mainland part of it has enjoyed an astonishing average annual rate of economic growth of around 17% for the past quarter-century.
The annual rate of earnings growth rose from 2.9% to 3.3% in the three months to April.
The ISM said the index was consistent with an annual rate of economic growth 3.3 percent from January through March, up from a tepid 0.4 percent growth rate the last three months of 2012.
In particular, we look at the effects of slowing the annual growth rate of health care costs by 1.5, 1.0, and 0.5 percentage points.
Analaysts had forecast an upward revision in the figures to show a quarterly growth rate of 1% and annual growth of 1.9%.
FXMarketSpace, is a centrally-cleared OTC foreign exchange trading platform which Reuters says takes advantage of the 16% annual growth rate of the forex trading market.
The foreign direct investment (FDI) growth rate is the fastest in China the 2000-08 Compound Annual Growth Rate of 50% represents an increase of 25 times over the period.
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By contrast, a time horizon of 10 years generates a compound annual growth rate of 15.4%.
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Sustained growth in the prepaid cards market could help increase the number of transactions processed by Visa from 47.6 billion in 2010 to our projected 87 billion by the end of our forecast period, an annual growth rate of 9%.
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We estimate that the number of transactions processed by MasterCard will get a push from rising retail sales and will approach 57 billion by the end of our forecast period, an annual growth rate of 14% off of a roughly 23 billion base in 2010.
We currently project that the aggregate size of this market will increase at an annual growth rate of 4.3%.
Revenue per square foot of Aeropostale store space grew at an annual growth rate of 7% from 2007 to 2009.
Analysts IDC predicted that from 2012-2016 public IT cloud services will enjoy a compound annual growth rate of 26.4%, some five times the growth of the IT industry overall.
Over the last decade, it says in its most recent annual filing, consumption here has grown at a compound annual growth rate of 7%.
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We expect the natural gas production volume to follow an increasing trend, crossing 1300 mcf by the end of the Trefis forecast period, an average annual growth rate of around 5%.
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The house, as evidenced by the 3, 000 largest U.S. public companies, in February for the first time since we started tracking monthly float six months ago shrank the number of shares outstanding at a 1.3% annual rate, compared with a 1.3% share growth rate in January and a 3% annual growth rate in the number of shares last October.
Revenues from this segment have grown at a compounded annual growth rate of 16% over the past three years driven by strong organic growth supported by acquisitions.
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And with a dollarized monetary regime, the M3 measure of broad money would soar from its current anemic annual growth rate of about 6% to between 20% and 30%.
It appears fair to say that an increase in total government size of ten percentage points in tax revenue or expenditure as a share of GDP is on average associated with an annual lower growth rate of between one-half and one percentage point.
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Consumption of bottled spirits in China has increased at a compound annual growth rate of 20 percent over the past five years, according to data from the National Statistics Bureau.
Of course, the Dow advance comes to an annual compounded growth rate of about 6%, but by avoiding disastrous mistakes similar to those we made in this century, we could do even better in the next.
That number is paltry compared to the average U.S. annual growth rate of 2.8 percent since 1973 and is below the 2.5 percent long-term economic growth rate typically used by financial markets to value businesses.
This amounts to a compounded annual growth rate of 9% for the period 2014-2017.
But it implies a compounded annual growth rate of 28% below that achieved in recent years.
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