mpc: 12 The back revisions had also changed the estimated composition of demand. Investment was now
estimated to have been 1.0% higher than previously thought, by the third quarter of 2003, and final
domestic demand 0.5% higher. The revised investment data suggested a less erratic, and potentially
more sustainable, return to investment growth during 2004. This and the recent weakness in
inventories, which was likely to prove temporary, suggested a rather stronger outlook for demand in
the coming quarters.
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