US Economy Grows 2.2% in Second Quarter

The US economy expanded by 2.2% in the second quarter, with consumer spending and investment supporting growth.

The government attributed the increase in part to strong consumer spending, highlighting household demand as a driver of economic activity.

Investment also contributed to the expansion, according to the government’s assessment. It identified both spending and investment as key factors behind the quarterly result.

The figures underscore the role of these two sources of demand in sustaining economic growth: purchases by consumers and investment in future activity.