Is here. The U.S. economy

Is here.

The U.S. economy grew at an 8.2 percent annual rate in the third quarter, faster than the government initially estimated as companies boosted inventories in September to meet the surge in demand.

The nation’s gross domestic product, the value of all goods and services produced, grew from July through September at the fastest pace since the first three months of 1984, when Ronald Reagan was president. The Commerce Department previously reported a 7.2 percent third-quarter growth rate, following a 3.3 percent pace in the second quarter.

Growth is now super-super strong compared to super strong,” said Joseph LaVorgna, senior U.S. economist at Deutsche Bank Securities, whose forecast of 8.3 percent was the highest in a Bloomberg News survey.