The U.S. economy grew at an annual rate of 1.7 percent in the second quarter, according to a revised estimate released Wednesday by the U.S. Commerce Department.
A preliminary estimate last month showed gross domestic product increased 1.5 percent from the first quarter.
The decrease in productivity from the 2 percent rate in the first quarter was attributed to decelerating consumer spending and real estate investment. Those trends were partially offset by increases in exports and smaller decreases from state and local government spending, and private inventory investment.
Update shows U.S. economy grew 1.7% in 2Q
