Gerald
03-26-11, 07:56 AM
The US economy grew faster than first thought in the final months of 2010, according to the Commerce Department.
Growth figures for the fourth quarter of 2010 have been revised upward to 3.1% from the 2.8% previously reported.
The rise was put down to more companies re-stocking and buying more plant and equipment than was believed.
Economists will welcome the news, although the economy is expected show slower growth in the first quarter of 2011, in part due to higher oil prices.
http://www.bbc.co.uk/news/business-12863703
Note: 25 March 2011 Last updated at 13:45 GMT
Growth figures for the fourth quarter of 2010 have been revised upward to 3.1% from the 2.8% previously reported.
The rise was put down to more companies re-stocking and buying more plant and equipment than was believed.
Economists will welcome the news, although the economy is expected show slower growth in the first quarter of 2011, in part due to higher oil prices.
http://www.bbc.co.uk/news/business-12863703
Note: 25 March 2011 Last updated at 13:45 GMT