Revised data: US grew faster in 2nd half of 2013

Published July 30, 2014 12:31pm ET



WASHINGTON (AP) — Fueled by healthier consumer spending, the U.S. economy grew in the second half of last year at the strongest pace in a decade and more than previously estimated, new government data show.

The revised data also suggest a possible factor behind the pickup: Americans saved much more in 2012 than previously thought, leaving more to spend in 2013.

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