Mexican Media Brands
U.S. Economy Grew 1.4% in Second Quarter
The American economy expanded 1.4% in the second quarter of 2016, up from a previous estimate of 1.1%, according to the U.S. Bureau of Economic Analysis.
#economics
Share
The American economy expanded 1.4% in the second quarter of 2016, up from a previous estimate of 1.1%, according to the U.S. Bureau of Economic Analysis. Growth was 0.8% in the first quarter.
In current dollars, GDP rose 3.7% to $18.5 trillion in the second quarter. That compares with 1.3% growth in this year’s first quarter.
BEA says the upward revision reflects stronger fixed business investment than estimated previously. The uptick also reflects more exports and consumer spending. The bureau says the price index for gross domestic purchases climbed 2.1% in the second quarter compared with 0.2% in January-March.
RELATED CONTENT
-
Mazda, CARB and PSA North America: Car Talk
The Center for Automotive Research (CAR) Management Briefing Seminars, an annual event, was held last week in Traverse City, Michigan.
-
On Headlights, Tesla's Autopilot, VW's Electric Activities and More
Seeing better when driving at night, understanding the limits of “Autopilot,” Volkswagen’s electric activities, and more.
-
Porsche Doubles EV Target for 2025
Porsche AG says about half the vehicles it sells by 2025 will be equipped with hybrid or all-electric powertrains, twice the ratio it forecast four weeks ago.