The USA economy grew 6.7 percent in the second quarter

The USA Department of Commerce announced the final estimates for the April-June period of Gross Domestic Product (GDP).
While an upward revision was made in the GDP data in the mentioned period, the market expectation was for the economy to grow by 6.6 percent in the second quarter. had been recorded.

The country's economy showed a growth performance of 6.3 percent in the first quarter of the year. The ongoing economic recovery, the reopening of businesses and the ongoing government support against the Kovid-19 epidemic were determinant in the GDP growth in the second quarter. In this period, personal consumption expenditures contributed to the growth in the US economy. , non-residential fixed investment, exports, and increases in state and local government spending were partially offset by declines in private stock investment, residential fixed investment and federal government spending. In the same period, imports also increased. In the revision of GDP for the second quarter, upward revisions in personal consumption expenditures, exports, private stock investments and imports were the determining factors. Personal consumption expenditures price index for the second quarter of the year was kept constant at 6.5 percent. The increase in the core personal consumption expenditures price index, which excludes food and energy expenditures, remained at 6.1 percent.