U.S. GDP Increases at 3.4% Annual Rate in Q2

Published on:
12 September 2006 at 10:19 a.m. ET

Written by: Unknown Author –

http://www.insidearm.com/news/00001069-us-gdp-increases-at-34-annual-rate-in-q2/

By Rex Nutting, MarketWatch

U.S. economic growth slowed slightly in the second quarter, increasing at a real seasonally adjusted annual rate of 3.4% after a 3.8% increase in the first quarter, the Commerce Department said Friday.

The figure matched expectations of economists polled in the MarketWatch survey.

Growth was more balanced in the second quarter, with consumer spending, business investment, residential investment, government spending and net trade all contributing to growth in gross domestic product.

For this complete story, please visit U.S. GDP Increases at 3.4% Annual Rate in Q2.

U.S. GDP Increases at 3.4% Annual Rate in Q2

Unknown Author

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