U.S. economy expanded at revised 1.4% rate in second quarter

PEDESTRIANS pass in front of American Apparel LLC and J.Crew Group Inc. stores at the Lincoln Road Mall in Miami Beach, Fla. / BLOOMBERG NEWS/SCOTT MCINTYRE
PEDESTRIANS pass in front of American Apparel LLC and J.Crew Group Inc. stores at the Lincoln Road Mall in Miami Beach, Fla. / BLOOMBERG NEWS/SCOTT MCINTYRE
WASHINGTON - The U.S. economy expanded more in the second quarter than previously estimated, reflecting a smaller drag from business spending on structures and equipment. Gross domestic product rose at a 1.4 percent annualized rate, compared with a prior estimate of 1.1 percent, Commerce Department figures showed Thursday. Gross domestic income, which reflects all the…

Want More?

Subscribe or register with Providence Business News to keep reading.

REGISTER
for 2 more stories

Subscribe now for $1 for 4 weeks
Already a Subscriber? Login now

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 -

No posts to display