The U.S. economy grew at a faster pace in the first quarter than previously estimated, according to a revised government report released Friday. The Commerce Department said gross domestic product expanded at a 3.0% annual rate, up from the earlier estimate of 2.7%.

The revision reflected stronger consumer spending and firmer business investment than initially reported. Those gains helped offset weakness elsewhere in the economy and point to continued resilience in household demand during the quarter.

Gross domestic product is the broadest measure of U.S. economic output and is closely watched for signs of momentum or slowdown. The latest update suggests the economy entered the spring on a sturdier footing than first thought, even as policymakers kept a close eye on inflation and interest-rate pressures.

Friday’s figures add to the evolving picture of the U.S. recovery, with consumer activity remaining a key driver of growth. Economists will continue to monitor whether that strength carries into subsequent quarters as borrowing costs and price pressures shape spending decisions.