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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