U.S. Economy Grew at 5.2% Annual Rate in 2nd Quarter (Update3)
By Siobhan Hughes and Vince Golle
Washington, July 28 (Bloomberg) -- The U.S. economy expanded in the second quarter at a faster-than-expected 5.2 percent annual rate, as companies built up inventories and invested in new equipment, government figures showed.
The rise in gross domestic product, the sum of goods and services produced in the U.S., followed growth at a 4.8 percent annual rate in the first quarter of this year and 8.3 percent in the final three months of 1999, the Commerce Department said.mehr bei www.bloomberg.com
By Siobhan Hughes and Vince Golle
Washington, July 28 (Bloomberg) -- The U.S. economy expanded in the second quarter at a faster-than-expected 5.2 percent annual rate, as companies built up inventories and invested in new equipment, government figures showed.
The rise in gross domestic product, the sum of goods and services produced in the U.S., followed growth at a 4.8 percent annual rate in the first quarter of this year and 8.3 percent in the final three months of 1999, the Commerce Department said.mehr bei www.bloomberg.com