- U.S. gross domestic product rose 4.2% in the second quarter
Market news
28 August 2014
U.S. gross domestic product rose 4.2% in the second quarter
The U.S. Commerce Department released revised gross domestic product (GDP). The U.S. GDP jumped 4.2% in the second quarter instead of the previously reported 4.0%. That was the fastest increase since the third quarter of 2013.
Analysts had expected an increase of 3.9%.
The U.S. GDP declined 2.1% in the first quarter.
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