US Third-Quarter GDP Revised Higher to 3.2% on Firmer Spending
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US economic growth in the third quarter was firmer than previously estimated, reflecting upward revisions to consumer spending and business investment.
Inflation-adjusted gross domestic product, or the total value of all goods and services produced in the economy, increased at a 3.2% annualized rate during the period, Commerce Department data showed Thursday. That compares with a previously reported 2.9% advance.