US second-quarter GDP revised higher to 2.2% on robust consumer spending
The US economy grew at a 2.2% annualized rate in the second quarter, revised up from the previously estimated 1.5% pace. The upward revision was driven by robust consumer spending and business investment related to AI infrastructure buildout.
The US economy expanded at a solid pace in the second quarter, supported by robust consumer spending and business investment tied to AI infrastructure buildout. 5% pace, the Commerce Department said.