US GDP growth revised upwards

American GDP growth was revised only slightly upwards for the three months to September, it was revealed yesterday. Compared to the same time the previous year, the economy grew by 2.6 per cent, up just 0.1 per cent from the previous estimate. Economists had expected a larger revision, yet weak consumer spending deflated the figures. And the number of US home sales for November also showed lower than expected growth – 4.68m sales.