1. An upward revision in business investment also played a role in swelling economic growth in the fourth quarter. 2. An upward revision to second-quarter U.S. economic growth had an equally muted impact on bonds. 3. An upward revision to April manufacturing orders failed to bring any surprises. 4. Bandid said some upward revision of GDP was also possible. 5. A surprise drop in the number of jobless workers in August and upward revisions to unit wage costs may take the shine off the slowdown in earnings growth. 6. A senior administration official here said that most delegates had reacted positively to the first Bush plan and that the upward revision was not intended to defuse criticism. 7. But analysts noted that this was on top of an upward revision for September and a large upward revision for August. 8. But analysts said the figures, coupled with upward revisions in the number of jobs created in April and May, were consistent with an economy showing considerable momentum. 9. Combined with upward revisions in previous months and reports of stellar Christmas shopping nationwide, the report suggested that consumer spending remained extremely strong. 10. Combined with upward revisions to already healthy results in May and June, orders have now risen for three consecutive months. |