U.S. second-quarter growth revised up to 4.2% on software, trade

UNITED STATES gross domestic product grew at a 4.2% annualized rate, a slightly faster pace than previously estimated on revisions to imports and software spending. / BLOOMBERG NEWS FILE PHOTO/MICHAEL NAGLE
UNITED STATES gross domestic product grew at a 4.2% annualized rate, a slightly faster pace than previously estimated on revisions to imports and software spending. / BLOOMBERG NEWS FILE PHOTO/MICHAEL NAGLE
NEW YORK - The United States economy expanded in the second quarter at a slightly faster pace than previously estimated on revisions to imports and software spending, bolstering the strongest period of growth since 2014, according to Commerce Department data released Wednesday. Highlights of second-quarter GDP (Second estimate) Gross domestic product grew at a 4.2% annualized…

Want More?

Register or subscribe with
Providence Business News to continue reading.

Register Now

Subscribe for $1

Already registered? Login to access more articles.

*Registered users get access to a limited number of free articles every month.

Purchase NowWant to share this story? Click Here to purchase a link that allows anyone to read it on any device whether or not they are a subscriber.

- Advertisement -