The rate of growth exceeded the 2 percent expansion notched in the first quarter of the year.
expected GDP — the broadest measure of domestic production — to grow by 1.5 percent in the second quarter.
Increases in consumer spending, nonresidential fixed investment, private inventory investment and government spending at the state, local and federal levels drove the increase in GDP, according to the Bureau of Economic Analysis. Exports and residential fixed investment decreased.
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