The gross domestic product was revised to a 1.7% annual rate in the second quarter from the initially reported 1.5%, the Commerce Department said Wednesday.
The revised GDP rate follows a 2% pace in the first quarter, Commerce said in its report on gross domestic product, the value of all goods and services produced.
The report showed consumer spending rose at a 1.7% annual rate revised from a 1.5% initial estimate. The GDP estimate is the second of three.
Business inventories previously reported as contributing 0.32% to growth, subtracted 0.23%.
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