US Economy Expands at Surprising Pace in Second Quarter
An uptick in consumer spending helped the U.S. economy expand at a surprising 3.8% from April through June, the government reported in a dramatic upgrade of its previous estimate of second-quarter growth. The department had previously estimated second-quarter growth at 3.3%, and forecasters had expected a repeat of that figure. A category within the GDP data that measures the economy’s underlying strength came in stronger than previously reported as well, growing 2.9% from April-June, up from 1.9% in the first quarter. US Economy Expands at Surprising Pace in Second Quarter – tEDmag


