- BIST10011,530-1.63%
- USD49.45+0.05%
- EUR55.62+0.37%
- GOLD4,166.90-0.34%
- INTEREST37.00%-1.00
- BITCOIN81,830-0.22%
- October 19, 202612°
- BIST10011,530-1.63%
- USD49.45+0.05%
- EUR55.62+0.37%
- GOLD4,166.90-0.34%
- INTEREST37.00%-1.00
- BITCOIN81,830-0.22%
- October 19, 202612°
US economy grew 1.5% in the second quarter
The US economy grew 1.5% in the second quarter of the year, in line with market expectations. Consumption, exports and investment supported growth, while a decline in government spending limited the increase.
The US Bureau of Economic Analysis announced Wednesday that the US economy grew 1.5% in the second quarter of this year. The growth was in line with market expectations.
Consumption and investment drove growth
Consumer spending, exports and increased investment contributed to economic growth in the second quarter. Government spending declined during the same period, limiting growth.
Imports also increased in the second quarter. The US economy grew 2.1% in the first quarter of the year.
Prices rose in consumer spending
The personal consumption expenditures price index rose 5.3% in the second quarter. The core personal consumption expenditures price index, which excludes food and energy spending, increased by 3.6%.
Source: Anadolu Ajansı
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