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Last updateFri, 19 Jan 2018 7pm

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Manufacturing & The Economy

Second Quarter GDP Up 2.6% in the U.S.

Gross domestic product (GDP) increased at an annual rate of 2.6% in the second quarter of 2017, according to the U.S. Department of Commerce. In the first quarter, the GDP was revised downward to an increase of 1.2%.

The increase in GDP in the second quarter reflected positive contributions from personal consumption expenditures, nonresidential fixed investment, exports and federal government spending that were partly offset by negative contributions from private residential fixed investment, private inventory investment and state & local government spending. Imports, which are a subtraction in the calculation of GDP, increased. 

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