Gross domestic product, the broadest measure of goods and services produced across the economy, grew by 2.8% on an annualized basis in the three-month period from April through June, the Commerce Department said in its first reading of the data on Thursday.&nbsp;

That is much higher than the 2% increase forecast by LSEG economists and the 1.4% pace seen during the first quarter.&nbsp;

This is a developing story. Please check back for updates.

Gross domestic product, the broadest measure of goods and services produced across the economy, grew at a 2.8% annualized rate during the second quarter.{ai:summary}The economy's shadow stretched long as the Commerce Department reported a surprising 2.8% growth in GDP from April to June. This figure eclipsed both the expected 2% and the previous quarter's meager 1.4%. The numbers danced, hinting at a resilient economy in a fog of uncertainty. #economy

US economy grew faster than expected during the second quarter

Loading...