WRAPUP 3-U.S. economic growth slowdown less than thought

Newswire

(Updates with closing market quotes) By Glenn Somerville WASHINGTON, Sept 29 (Reuters) - The U.S. economy grew faster in the second quarter than previously thought as business inventories rose at the strongest rate in four years, the government said on Wednesday, a sign the soft patch was not as soft as feared. 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 quarter. That ...

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