The U.S. GDP growth in the second quarter was the highest in 4 years.
Gross domestic product (GDP) of the United States in the second quarter of 2018 grew by 4.2% compared to the same period of 2017.
This is evidenced by data the Ministry of Commerce.
It is noted that this is the highest growth rate of the U.S. economy since the third quarter of 2014, when this indicator reached 4.9%.
As reported by MarketWatch, analysts on average had expected its increase to 4.3%.
In the first quarter of this year, us GDP increased by 2.2%. Evaluation of consumer spending, which accounts for 70% of US GDP, was also upheld by 3.8%.
The volume of imports in the US in April-June decreased by 0.6%, whereas the previously reported decline of 0.6%. The exports increased by 9.3% rather than 9.1%. Gross private investment fell 0.5% against the previously announced rise of 0.4%.
Pre-tax profits of the companies in the second quarter rose 3% in the quarter and by 7.3% in annual terms (previously respectively 3.3% and 7.7%).
Capital expenditure of American companies, excluding housing, in April-June grew by 8.7% yoy (preliminary data – 8,5%), investment in equipment rose by 4.6 per cent (4.4 per cent).
The growth of public expenditure in the last quarter was 2.5% in recalculation on annual rates (preliminary and 2.3%).
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