The US economy grew slightly faster at the start of the year than previously estimated, with gains in exports and investment in software partially offsetting weak consumer spending.
Gross domestic product increased at a 1.1 per cent annual rate, rather than the 0.8 per cent pace reported last month, the Commerce Department said on Tuesday in its third GDP estimate.
First-quarter GDP growth has now be revised higher by six-tenths of a point since the advance estimate was published in April. The economy grew at a rate of 1.4 per cent in the fourth quarter.
There are signs the economy has regained momentum in the second quarter, with retail sales and home sales rising in both April and May, even though business spending continues to struggle and job growth has slowed.
Federal Reserve Chair Janet Yellen told MPs last week that data pointed to "a noticeable step-up" in GDP growth in the second quarter.
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