US 4th quarter growth faster than thought

Written By Unknown on Kamis, 28 Maret 2013 | 23.09

US economic growth in the fourth quarter was faster than originally thought at 0.4 per cent, the Department of Commerce says in its final revision of the estimate.

The previous estimate had the economy basically flat, expanding at a 0.1 per cent annual pace.

The new data said that non-residential fixed investment was higher than previously expected.

However, the department added, growth was still sluggish and "the revision to GDP has not changed the general picture of the economy".


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