US Economic Growth at 2.1 Percent in 2nd Quarter Because of Lower Business Spending

U.S. Economic Growth Revised To 2.1 Percent In Second Quarter, Due To Lower Business Spending.

A construction worker prepares a recently poured concrete foundation in Boston, Mass., on March 17, 2023. Michael Dwyer/AP Photo

U.S. economic growth rose slightly less than expected in the second quarter of 2023 because of less business spending.

The Bureau of Economic Analysis released its second preliminary report on U.S. gross domestic product (GDP)—the government’s primary measure of domestic economic activity—for the second quarter on Aug. 30.