U.S. Economy Grew at 2.3% Rate in 2nd Quarter

July 30, 2015 1:18 PM

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U.S. Economy Grew at 2.3% Rate in 2nd Quarter

The American economy regained its footing last quarter, expanding at an annual rate of 2.3 percent amid a better trade picture, robust consumer spending and a healthy housing sector.

The rebound in April, May and June was largely expected, after a dismal performance in the first quarter of 2015.

Also read: U.S. economy creates 178,000 jobs in November; jobless rate drops to 4.6%

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