WASHINGTON U.S. economic growth slowed in the fourth quarter, but not as sharply as initially thought, with businesses less aggressive in their efforts to reduce unwanted inventory, which could hurt output in the first three months of 2016.
Gross domestic product increased at a 1.0 percent annual rate instead of the previously reported 0.7 percent pace, the Commerce Department said on Friday in its second GDP estimate.
14:36 U.S. economy added 178,000 jobs in November; unemployment rate dropped to 4.6 percent13
13:41 Solid Job Growth Strengthens Prospect for a Fed Rate Increase10
09:46 UK manufacturing growth cools unexpectedly in November: PMI9
10:45 OECD sees resurgent US growth boosting global economy11