According to data released by the US Department of Commerce, US GDP would have grown by 4,2% in the second quarter, after the 2,1% contraction suffered in the first three months of the year - The data exceeded analysts' expectations, who had forecast a 4% increase.
US Gross Domestic Product grew 4,2% in the second quarter, beating analysts' expectations for a 3,8% increase. This was announced by the US Department of Commerce.
The data was revised upwards from the preliminary reading, which spoke of a growth of the US economy equal to 4%, after the contraction of 2,1% in the first quarter.
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