US economic growth greater than estimated but figure remains modest

GDP grew at reported annual rate of 2.1% between July and September - higher than previously claimed but still down from second quarter

The key measure of the US economy was revised from bleh to meh on Tuesday as businesses restocked goods at a stronger pace than first thought, adding to the likelihood of an historic US rate rise next month.

The overall economy, as measured by the gross domestic product (GDP), grew at an annual rate of 2.1% in the July-September period, the Commerce Department reported, up from a previously estimated growth of 1.5%.

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