America’s Second Quarter Growth Revised Upward to 3.1 Percent

Buoyed by business optimism, second quarter GDP growth hit the highest level in more than 2 years

President Donald Trump participates in a tax reform kickoff event at the Loren Cook Company, in Springfield, Missouri on Aug. 30, 2017. Official White House Photo by Joyce N. Boghosian

The U.S. economy grew at a higher rate than expected in the second quarter, reflecting upturns in consumer spending and business investment. Gross domestic product (GDP) was revised upward to 3.1 percent from the projected 3 percent.

President Donald Trump has focused on a sustained 3 percent growth rate and believes it could go even higher.