U.S. final GDP jumps 3.9% in the second quarter

Market news

25 September 2015

U.S. final GDP jumps 3.9% in the second quarter

The U.S. Commerce Department released gross domestic product (GDP) figures on Wednesday. The U.S. final GDP soared 3.9% in the second quarter, up from the revised estimate of a 3.7% growth, after a 0.2% decline in the first quarter.

The upward revision was partly driven by an upward revision to consumer spending and business investment.

Consumer spending rose by 3.6% in the second quarter, up from the previous estimate of a 3.1% increase.

Business investment jumped by 6.2% in the second quarter, up from the previous estimate of a 3.1% gain.

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U.S.: GDP, q/q, Quarter II 3.9% (forecast 3.7%)

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