US economic growth revised up for third quarter

US economic growth revised up for third quarter
 

Strong consumer spending helped the US economy to grow faster than previously estimated in the third quarter.
The world's largest economy grew at an annualised rate of 3.2% in the three months to September, up from an earlier estimate of 2.9%.
The figure outstrips the second quarter growth rate of 1.4%, and was above economists' estimates of 3% growth.
The Commerce Department said the rate of growth was the strongest since the third quarter of 2014.
The strong growth may give further impetus to the Federal Reserve to raise US interest rates when it meets in the middle of next month.
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Tuesday, 15:25 in Business, Views: 50
Source: BBC
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