WRAPUP 1-US 2nd-qtr economic slowdown less abrupt than thought

Newswire

(Adds details, analysis, market reaction) By Glenn Somerville WASHINGTON, Sept 29 (Reuters) - U.S. economic growth during the second quarter of the year was stronger than previously thought, the Commerce Department reported on Wednesday, partly because businesses built up inventories at the strongest rate in four years. U.S. gross domestic product -- the measure of total output within the nation's borders -- expanded at a revised 3.3 percent annual rate in the April-June second ...

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