U.S. economic activity in the final three months of 2012 increased at a faster rate than previously estimated, according to a report released by the Commerce department on Thursday.
The Commerce Department said GDP increased at an annual rate of 0.4 percent in the fourth quarter compared to the previously reported 0.1 percent increase.
Despite the upward revision, the pace of GDP growth still came in below economist estimates for an increase of 0.6 percent.
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April 24, 2026 15:15 ET Economics news flow was relatively light this week even as the conflict in the Middle East continued, raising concerns for policymakers. In the U.S., spending data, initial jobless claims and pending home sales were the highlights. Business confidence in the biggest euro area economy was in focus in Europe. Inflation data from Japan gained attention in Asia.