The growth of the US economy accelerated in the third quarter of 2015 stronger than previously expected, which could give the Fed determination to raise its key rate next month.
GDP grew by 2.1 % in annual terms, and not by 1.5 %, as reported last month, according to the Ministry of Commerce data published on Tuesday.
The operations of companies, aimed to reduce inventory levels, were not so aggressive, the ministry said.
The economic support was also possible due to the increase in spending on equipment and investment in housing. Consumer spending also showed high growth rates, although more restrained than expected.
The revision of GDP growth has coincided with forecasts of analysts. Companies in the third quarter set up reserves of $ 90.2 billion instead of $ 56.8 billion reported last month.
This means that reserves have taken from GDP growth only 0.59 percentage points and not 1.44 percentage points as expected in October.
However, the increase in supplies is likely to slow down growth in the fourth quarter.
Consumer spending, which accounts for over two-thirds of US economic activity, rose 3.0 %, instead of 3.2 %, according to the previous estimate. Downward revision reflects the weakness of the utility costs.
The index of private domestic demand, excluding trade, inventories and government spending, was revised up to 3.1 %, slightly below the 3.2 % from last month.
Under the influence of a strong dollar and sluggish global demand, growth of exports slowed down in the third quarter to 0.9 %, which together with imports growths, took from the GDP 0.22 percentage points.
Earlier it was reported that the impact of trade on GDP growth will be neutral.
The energy sector continues to have a negative effect on growth, continuing to suffer from cutting costs of oil companies caused by the fall in oil prices.
Expenditure on exploration wells and mines fell 47.1 %. Last month it was reported that these expenses fell 46.9 %.
Investment in non-residential buildings decreased by 7.1 % instead of 4.0 % reported earlier. At the same time, the cost of the equipment of enterprises was revised upward to 9.5 % from 5.3 %.
Corporate profits after taxes fell 1.6 % in the third quarter after rising 2.5 % in the second.