Posted at 2:02 PM
The U.S. Commerce Department’s Bureau of Economic Analysis today released its first estimate of gross domestic product (GDP) growth for the second quarter of 2015. Real GDP increased 2.3 percent at an annual rate, an increase from a 0.6 percent annual growth rate in the previous quarter.
“Today’s advance estimate of real GDP growth demonstrates that our economy continues to improve,” said U.S. Secretary of Commerce Penny Pritzker. “Through our ‘Open for Business Agenda,’ the Department of Commerce is committed to creating the conditions for continued business and job growth by supporting advanced manufacturing, fostering innovation, increasing trade and investment, and equipping our workers with the skills and training needed to succeed in a competitive global economy.”