U.S. Second-quarter GDP Revised Up

stgislander

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Let's take a break from Hurricane Harvey, Antifa, and monuments for some good news.

WASHINGTON (Reuters) - The U.S. economy grew faster than initially thought in the second quarter, notching its quickest pace in more than two years, and there are signs that the momentum was sustained at the start of the third quarter.

Gross domestic product increased at a 3.0 percent annual rate in the April-June period, the Commerce Department said in its second estimate on Wednesday. The upward revision from the 2.6 percent pace reported last month reflected robust consumer spending as well as strong business investment.

http://www.reuters.com/article/us-usa-economy-gdp-idUSKCN1BA1JN
 
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