The
US economy grew at an annual rate of 4.2% in the second quarter of the year,
according to revised figures from the US Department of Commerce.
The
revision upwards from 4.0% reflected stronger business spending and exports.
It
was the fastest pace of growth since the third quarter of 2013.
A
separate report from the US Labor Department showed the number of people
applying for unemployment benefits fell by 1,000 to 298,000 last week.
Economists
polled had expected the pace of US growth to be revised down to
