Quarterly US growth revised to 3.3%

Strong export performance, aided by the weak dollar, and less inventory liquidation led to stronger-than-expected US growth in the three months to June.

Data released by the US commerce department Thursday showed the economy grew by 3.3% against its original forecast of 1.9%. GDP rose by 0.9% in the first quarter. Separately, the commerce department also found that demand for large manufactured durables increased by 1.3% in July, a rise again attributable to the lower dollar and a consequent

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