U.S. Economy Stronger Than Reported Through Second Quarter As Spending Rose

ToplineThe U.S. economy grew at a rate much higher than originally reported in the second quarter as consumer spending rose, according to revised data released Thursday by the Commerce Department, bringing surprise to economists. One economist noted a revision to economic growth—nearly 1% above initial reports—was “outside the norm.”Getty ImagesKey FactsReal gross domestic product increased at an annual rate of 3.8% in the second quarter, up from an earlier revision of 3.3% and initial reports of 3% growth, ...