US GDP Increased at an Annualized Rate of 3.0% in the Second Quarter of 2024

29 August 2024

Real gross domestic product (GDP) increased at an annual rate of 3.0 percent in the second quarter of 2024, according to the "second" estimate released by the U.S. Bureau of Economic Analysis. In the first quarter, real GDP increased 1.4 percent.

The increase in real GDP primarily reflected increases in consumer spending, private inventory investment, and nonresidential fixed investment.

Source: U.S. Department of Commerce
Post by: Republic of Türkiye Ministry of Trade