U.S. economy grew 1% in Q2
The U.S. economy grew even slower than previously thought in the second quarter.
The U.S. Commerce Department on Friday reported gross domestic product for the period grew 1 percent compared to 1.3 percent in its initial estimate.
First quarter output of goods and services grew only 0.4 percent.
Real exports of goods and services increased 3.1 percent in the second quarter, compared with a 7.9 percent increase in the first. Real imports of goods and services increased 1.9 percent, compared with an 8.3 percent increase during the January-to-March period. Imports are a subtraction from the GDP calculation. Exports contribute to the productivity figure.
U.S. economy grew 1% in Q2
