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USA: new slight increase in growth

(CercleFinance.com) – The GDP of the United States increased by 6.7% in the second quarter of 2021 at an annualized rate, according to the third estimate of the Department of Commerce, which had announced rates of 6.6% there at one month and 6.5% on very first reading.

This new slightly higher revision, where Jefferies was awaiting confirmation of the previous estimate, reflects an even stronger acceleration compared to the 6.3% rate observed over the first three months of the year.

Growth was supported by increases in household consumption expenditure, fixed non-residential investment, exports, as well as local and state government expenditure.

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