"Real gross domestic product increased at an annual rate of 2.6 percent in the second quarter of 2017" the Bureau of Economic Analysis announced on Friday.
- In the first quarter, real GDP increased 1.2 percent (revised)
- The acceleration in real GDP growth in the second quarter reflected a smaller decrease in private inventory investment, an acceleration in PCE, and an upturn in federal government spending
- These movements were partly offset by a downturn in residential fixed investment and decelerations in exports and in nonresidential fixed investment
- Current-dollar GDP increased 3.6 percent, or $169.0 billion, in the second quarter to a level of $19,226.7 billion
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