U.S. GDP growth revised up to 4.2% in second quarter

“…The U.S. economy grew at a rate of 4.2% in the second quarter — more than the initial estimate of 4.1%, according to the Commerce Department.

Why it matters: The upward revision marks the economy’s best performance in four years, as Reuters reports, thanks to a boost in corporate spending and a decline in imports…”

https://www.axios.com/us-gdp-second-quarter-42-e297c718-bb48-41e9-a59b-6e0b459dfa80.html

Doug Santo