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U.S. 4th-quarter economic growth revised higher

By The Associated Press

This article was published March 27, 2014 at 11:07 a.m.

WASHINGTON — The U.S. economy grew at a 2.6 percent annual rate in the October-December quarter, slightly more than previously estimated, as consumer spending rose at the fastest pace in three years.

The fourth-quarter growth rate was a bit stronger than the 2.4 percent estimate made last month, the Commerce Department reported Thursday. The revision reflected stronger consumer spending, which rose at an annual rate of 3.3 percent — its best quarterly pace since 2010.

Read tomorrow's Arkansas Democrat-Gazette for full details.

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