Real gross domestic product (GDP) increased at an annual rate of 1.4% in the second quarter of 2016, according to the ‘third’ estimate released by the Bureau of Economic Analysis (BEA).
The ‘second’ estimate from the BEA originally suggested a growth of 1.1%.
However, the general picture of economic growth between the second and third estimates remained largely unchanged, with the primary difference seeing nonresidential fixed investment increase in Q2 compared to decrease in the first estimate.
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