Investing.com - The U.S. economy grew at a faster pace than initially thought in the fourth quarter, according to data released on Wednesday.
Gross domestic product was found to have grown by 2.9%, up from 2.5%, the Commerce Department said in its third estimate.
That was higher than economists’ forecasts for growth of 2.7% and was up from 2.5% in the previous quarter.
Meanwhile the GDP price index was unchanged at 2.3% while GDP sales rose to 3.4% from 3.3% the prior quarter.