U.S. gross domestic product grew by 3.3% in the second quarter, although economists say the $90 billion in economic stimulus package contributed to the rise.
Personal spending added 1.2% to the second-quarter preliminary GDP figures released Thursday, up from the advanced reading of 1% for the quarter and only 0.6% in the first quarter.
June's U.S. trade gap reading, which only became available after the advanced GDP numbers were reported, was also a strong contributor. Much improved demand for U.S. exports added 3.1% to GDP, compared to only 0.8% in the advanced reading.
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Personal spending added 1.2% to the second-quarter preliminary GDP figures released Thursday, up from the advanced reading of 1% for the quarter and only 0.6% in the first quarter.
June's U.S. trade gap reading, which only became available after the advanced GDP numbers were reported, was also a strong contributor. Much improved demand for U.S. exports added 3.1% to GDP, compared to only 0.8% in the advanced reading.
Discuss
Tell a friend
Bury
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