Consumer spending continued to power the U.S. economy in April, May and June, as GDP expanded at an annual rate of 1.5%.
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The U.S. economy grew at an annual rate of 1.5% in the spring, according to the Commerce Department. That's a modest slowdown from the previous quarter — but consumer spending picked up steam.
Consumer spending continued to power the U.S. economy in April, May and June, as GDP expanded at an annual rate of 1.5%.
Joe Raedle/Getty Images North America
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Joe Raedle/Getty Images North America

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The U.S. economy grew at a sluggish 1.5% pace from April through June

The U.S. economy grew at a sluggish 1.5% pace from April through June. But consumer spending stayed strong.

The U.S. economy grew at a sluggish 1.5% pace from April through June. But consumer spending stayed strong.

The U.S. economy expanded at a sluggish 1.5% pace from April through June as rising imports weighed on growth. But consumer…

Strong consumer spending and steady business investment helped cushion the US economy in the second quarter, but a surge in…

The US economy expanded at a sluggish 1.5 per cent pace from April through toJune as rising imports weighed on growth, yet…