U.S. third-quarter growth raised to 4.1 percent

Gross domestic product grew at a 4.1 percent annual rate instead of the 3.6 percent pace reported earlier this month, the Commerce Department said in its third estimate on Friday. Consumer spending, which accounts for more than two-thirds of U.S. economic activity, was revised up 0.6 percentage point to a 2.0 percent rate. Consumer spending grew at a 1.8 percent rate in the second quarter. Export growth was also raised up by two tenths of a percentage point to a 3.9 percent pace.


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