US real gross domestic product increased at an annual rate of 5.0 percent in the third quarter, up from an earlier estimate of 3.9 percent, according to the US Department of Commerce. Second-quarter real GDP increased 4.6 percent.

MarketWatch reports this is the fastest pace of growth since the third quarter of 2003. Economist had expected third-quarter GDP to be revised up to a 4.4 percent rate.