WRAPUP 1-Revised US first-quarter growth fastest in 2.5 yrs

Newswire

By Glenn Somerville WASHINGTON, May 25 (Reuters) - The U.S. economy shot forward at an upwardly revised 5.3 percent annual rate in the first quarter, the fastest growth in 2-1/2 years, as companies built up inventories and exports strengthened, a Commerce Department report on Thursday showed. The first-quarter advance in gross domestic product was more than triple the 1.7 percent annual rate recorded in last year's fourth quarter, though still slightly below Wall Street economists' ...

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