The economy of the United States grew in the second trimester
It brings(reports) an expansion of the GPD of 4,6 %, in the second trimester of the year
The economy of the United States grew in the second Trimester of the year at an annual rate of 4.6 %, the highest growth since the end of the economic crisis in mid-2009, the Government reported today.
The rise of the gross domestic product (GPD) in the second Trimester, previously calculated by the Commerce Department in a 4.2 %, mainly due to the increase in exports and the stimulus received by the business investment.
In the second quarter, consumer spending, considered to be thereal engine of the US economy by represent more than two-thirds of GPD, rose to an annual pace of sustained 2.5 %.
In the first Trimester of the year the economy had suffered a contraction of 2.1 per cent, mainly due to weakness in the consumption during a winter that was particularly hard.
The biggest gain in the second quarter was recorded in the investment business, with a spending in infrastructure, such as offices and factories, which jumped from 9.4 per cent estimated a month ago to 12.6 %, and spending on machinery was revised upwards to 10.7 per cent to 11.2 %.
The rise in the export sector was 11.1 % in the quarter, the largest increase in three years.
However, the stocks of the companies remained stable, valued at $84,800 million, a high figure that could lead to a slowdown in the growth of the business sector for the third Trimester.
Due to the poor economic performance in the first quarter and even in spite of a strong rebound in growth between April and June, it is estimated that the US GPD will grow throughout the year around 2.1 %, very similar to the 2.2 % registered in all 2013.