(Reuters) - Gross domestic product that measures total output within U.S. borders gained at a 3.4 percent annual rate -- the fastest since 4.8 percent in the first quarter of 2006 -- after barely growing at a downwardly revised 0.6 percent pace in the first quarter. Previously the government had reported that first-quarter growth was at a 0.7 percent rate.
Second-quarter growth exceeded Wall Street economists' forecasts for a 3.2 percent rate of increase and showed the business sector picking up some of the slack left by consumers who cut back on their spending.
Read more at Reuters.com Business News
Second-quarter growth exceeded Wall Street economists' forecasts for a 3.2 percent rate of increase and showed the business sector picking up some of the slack left by consumers who cut back on their spending.
Read more at Reuters.com Business News
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