The U.S. economy grew at a faster pace in the 2nd quarter of 2015 than was initially estimated with real GDP rising 3.7 percent, according to the second estimate released today from the Bureau of Economic Analysis.
Economists from briefing.com were forecasting a GDP rise of 3.1 percent in its second estimate after the advanced GDP estimate for the 2nd quarter showed an increase of 2.3 percent in real GDP.
During the second estimate for the second quarter, nonresidential fixed investment and private
inventory investment increased.
The GDP estimate released today is based on more complete source data than were available for
the “advance” estimate from last month.
Next release will occur on September 25, 2015.