The U.S. economy contracted at a 0.5% annual rate in the third quarter, slower than the negative 0.3% estimated a month ago, the Commerce Department reported Tuesday.
The revisions to real gross domestic product were largely due to weaker consumer spending. Economists were predicting a revision to about negative 0.6%.
The core personal consumption expenditure price index rose 2.6%, compared with the initial estimate of a 2.9% gain.
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