Economy growing faster than expected

From The Wall Street Journal:

“WASHINGTON — The U.S. economy grew more rapidly this spring than an earlier report suggested, as businesses bulked up their stockpiles and the level of imports flowing into the country turned out to be lower than previously estimated.

The Commerce Department said Wednesday that gross domestic product increased during the April-to-June quarter at a 3.3% annual rate, revised upward from an earlier estimated 2.8% advance. That was stronger than the average 3.0% revised reading expected by economists polled by DowJonesNewswires and CNBC.”

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