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28.06.2016 14:37:58
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U.S. GDP Climbs By More Than Previously Estimated In Q1
(RTTNews) - Economic activity in the U.S. increased faster than previously estimated in the first quarter of 2016, according to a report released by the Commerce Department on Tuesday.
The Commerce Department said the pace of growth in gross domestic product was upwardly revised to 1.1 percent from the previous estimate of 0.8 percent.
The revised GDP growth in the first quarter compares to the 1.4 percent jump seen in the fourth quarter and the 1.0 percent increase expected by economists.
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