WASHINGTON The U.S. economy grew at a 2.7 percent annual rate from July through September, much faster than first thought.
The Commerce Department said Thursday that growth in the third quarter was significantly better than the 2 percent rate estimated a month ago.
And it was more than twice the 1.3 percent rate reported for the April-June quarter.
The two biggest factors in the upward revision were larger gains in business stockpiles and a boost in export sales. That offset weaker consumer spending.
Read tomorrow's Arkansas Democrat-Gazette for full details.