US economic growth revised upwards for end for 2010

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

03-26-11, 07:56 AM	#1
Gerald SUBSIM Newsman Join Date: May 2008 Location: Close to sea Posts: 24,254 Downloads: 553 Uploads: 0	US economic growth revised upwards for end for 2010 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 __________________ Nothing in life is to be feard,it is only to be understood. Marie Curie