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U.S. Q3 GDP up rev 4.1% vs 4.3% prev est.
WASHINGTON (AFX) - Third quarter U.S. growth increased at a 4.1% rate,
slightly lower than previous estimates of a 4.3% growth rate, the Commerce
Department said Wednesday. The downward revision was unexpected by Wall Street
economists, who had forecast Q3 GDP to be unrevised at a 4.3% rate. The second
revision to real gross domestic product in the July-September quarter found a
downward revision to consumer spending. Inflation measures were revised slightly
higher; the core personal consumption expenditure price index increased at a
revised 1.4% annual rate, up from the previous estimate of a 1.2% increase.
Corporate profits were revised lower.

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