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Financial News: U.S. GDP Growth In Q2 Upwardly Revised By

U.S. GDP Growth In Q2 Upwardly Revised By More Than Expected

08/30/2017 - 08:35:00 (RTTNews)

(RTTNews) - A report released by the Commerce Department on Wednesday showed U.S. economic activity increased by more than previously estimated in the second quarter.

The Commerce Department said gross domestic product jumped by 3.0 percent in the second quarter compared to the previously estimated 2.6 percent growth.

Economists had expected a much more modest upward revision in the pace of GDP growth in the quarter to 2.7 percent.

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