By Jonathan Davies

The US economy grew faster in the third quarter than initially reported, according to Bureau of Economic Analysis.

The Bureau originally said the economy grew by 3.5% in the July-September quarter. But it has revised that figure up to 3.9%.

It means the US saw the strongest two consecutive quarters of growth in over a decade.

The figures suggest that consumer spending was a key driver behind the economic growth. The Bureau said consumer spending was up 2.2%. Consumer spending is the US equivalent of the UK's services sector, in that it accounts for roughly 70% of the country's GDP.

It means the US is on course to grow by 2.2% for the whole of 2014, despite a slow start to the year in which severe weather conditions caused the economy to shrink.

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