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July 30, 2015US GDP 2015 Q2 (ADVANCE ESTIMATE) The advance estimate of US GDP for Q2 2015 has the US economy growing at a pace of 2.3 per cent (all figures seasonally adjusted at annual rates). Growth accelerated from a revised 0.6 per cent in the first quarter. Increases in personal consumption expenditures, exports, state and local government spending and residential fixed investment offset declines in federal government spending, inventories, and nonresidential fixed investment. Imports, a subtraction from GDP, increased in the second quarter.
Source: US Bureau of Economic Analysis