US Economy Grows 2.2% in Second Quarter, Government Reports
The U.S. economy expanded by 2.2% in the second quarter, according to new government data. This figure represents an upward revision from earlier estimates. The Commerce Department released the updated gross domestic product numbers today.
The U.S. economy grew at an annual rate of 2.2% in the second quarter of the year, the government announced. This updated figure marks an upward revision from initial estimates for the period.
The Commerce Department released the revised gross domestic product (GDP) data on Thursday. GDP measures the total value of goods and services produced in the country.
Analysts closely watch GDP figures as a primary indicator of economic health. The revised 2.2% growth rate indicates sustained economic activity during the three-month period.
Related Topics
Article Ratings
How do you feel about this story?
National Desk
Sign in to follow this author from their profile.
Discussion (0)
Join the Conversation
Join the conversation
Sign in to share your thoughts, reply to readers, and like comments.
No comments yet. Be the first to comment!