You are here


GDP grows 1.2% in Q2 as inventories fall

Surge in consumer spending points to underlying strength
Saturday, July 30, 2016 - 05:50


THE US economy grew far less than expected in the second quarter as inventories fell for the first time since 2011, but a surge in consumer spending pointed to underlying strength.

Gross domestic product (GDP) increased at a 1.2 per cent annual rate after rising by a

Market voices on:

Pair your daily business read with the perfect cup of espresso.

Subscribe to The Business Times today to receive your very own Nespresso Inissia coffee machine worth $188.

Find out more at

Powered by GET.comGetCom