Washington — The U.S. economy expanded more than initially estimated in the second quarter this year, the Department of Commerce said Thursday, on stronger consumer spending than originally anticipated.
The world's biggest economy grew at an annual rate of 3.0% in the April-to-June period, up from 2.8% according to an earlier estimate.
Analysts had expected no revision to the figure.
"The update primarily reflected an upward revision to consumer spending," the Commerce Department said.
Unexpectedly robust consumption ... Читать дальше...