The US economy grew less than previously thought in the third quarter, while home prices and consumer confidence crept higher, signalling a slow but steady emergence from the recession.
US gross domestic product grew at an adjusted annual rate of 2.8 per cent, the commerce department said on Tuesday, down from a previously estimated expansion of 3.5 per cent, but still breaking a dire stretch of four straight quarters of contraction.
The revision was in line with economists' estimates, reflecting weaker consumption, a rise in imports and slimmer non-residential investment. Consumer spending grew by 2.9 per cent, down from the 3.4 per cent that was originally reported.
FT.com
コメントする