united states gdp

Consumer spending boosts US GDP

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Consumer spending boosts US GDP

Washington. The U.S. economy grew faster than initially expected in the second quarter on strong consumer spending, while corporate profits rebounded, which should help sustain the expansion. Gross domestic product (GDP) grew at a 3 percent annualized rate last quarter, the Commerce Department’s Bureau of Economic Analysis reported Thursday in its second estimate of second-quarter … Read more

US GDP revised up in Q2

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US GDP revised up in Q2

The gross domestic product (GDP) of the United States, Mexico’s main trading partner, grew 3 percent in the second quarter of the year, exceeding the first estimate, which had been 2.8 percent, reported the Bureau of Economic Analysis (BEA). The improvement was explained by the fact that personal consumption rose 2.9 percent instead of 2.3 … Read more