Aug. 30 (UPI) -- The U.S. gross domestic product for the second quarter was revised upward, showing strong economic growth, U.S. Commerce Department data showed Wednesday.
Annual estimated growth was 3 percent, up from a 2.7 percent estimate in the first quarter and higher than the expected second-quarter gain of 2.6 percent. The largest sector of the economy, consumer spending, grew 3.3 percent, the highest reading in five quarters and higher than the expected increase of 2.8 percent.