The
US economy grew much faster in the third quarter than first reported, official
figures have shown.
It
expanded at an annualised rate of 3.9% between July and September, up from the
3.5% first estimated by the Bureau of Economic Analysis.
The
rise, which follows a strong second quarter, means the US has seen its
strongest two consecutive quarters of growth for a decade.
Consumer
spending was the biggest driver of the raised estimate.
It
grew by 2.2% according to the latest estimate, which was higher than the
initial calculation of 1.8%.
Consumer
spending is closely watched as it accounts fo
