The Commerce Department revised the Gross Domestic Product growth up to 2.5% from 2% this week. This is higher than the 2.4% analysts had predicted, and can be attributed to stronger consumer and government spending. “It wasn’t inventories, which is good news,” said Nigel Gault, Chief U.S. Economist at IHS Global Insight in Lexington, Massachusetts. “You had positive surprises in spending to outweigh inventories. Hopefully we can carry that momentum into the fourth quarter. It’s good news.” Government spending increased 4.0% instead of the 3.4% expected, due to an upward revision in state and local expenditures. Business spending also increased more than expected, 10.3% versus the 9.7 % expected.