The U.S. economy shrank at a 0.6 percent annual rate from April through June, a more moderate contraction than originally estimated, revised figures showed.
The Commerce Department said in its first revision on Thursday that gross domestic product shrank at a 0.6 percent annualized rate last quarter, rather than the previously estimated 0.9 percent decline.
Still, the revised figures confirmed a second straight quarter of economic contraction, which meets one informal sign of a recession. The economy contracted at a 1.6 percent rate in the first quarter.
Load More
Yorumlar
Kalan Karakter: