WASHINGTON — The economy grew slightly faster last summer than first thought, benefiting from stronger spending by U.S. shoppers and improved overseas sales of U.S. goods.
The Commerce Department reported Tuesday that the economy, measured by gross domestic product, expanded at a 2.5 percent annual rate in the July-September quarter. That was better than the 2 percent pace initially estimated last month.
The pickup in growth comes after the economy slowed sharply in the spring, advancing at an anemic rate of just 1.7 percent.
Read tomorrow's Arkansas Democrat-Gazette for full details.
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