The U.S. economy expanded at a 3.3% annualized rate during the second quarter, slightly above the initial estimate, driven by stronger business investment and a significant contribution from trade activity. n nAccording to the Bureau of Economic Analysis’s second estimate released on Thursday, real gross domestic product—representing the inflation-adjusted value of all goods and services produced in the country—grew faster than the previously reported 3% pace. The upward revision highlights resilience in corporate spending and external demand, which helped offset other moderating factors in the economic landscape. n nThis revised figure underscores the underlying strength in domestic investment and net exports, suggesting that the economy maintained robust momentum despite ongoing uncertainties in global markets and monetary policy tightening. n
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US Economy Expands at Revised 3.3% Rate on Stronger Investment
The US economy expanded in the second quarter at a slightly faster pace than initially estimated on a pickup in business investment and an outsize boost from trade. n nInflation-adjusted gross domestic product , which measures the value of goods and services produced in the US, increased at a 3.3% annualized pace, the second estimate from the Bureau of Economic Analysis showed Thursday. That compared with an initially reported 3% increase.