The evaluation of US GDP growth in the 2nd quarter improved to 3.7% from 2.3% in terms of annual growth, according to the revised data of US Department of Commerce.
The analysts interviewed by Bloomberg expected a less substantial increase in growth estimates for the US economy in the last quarter - to 3.2%.
In the first quarter US gross domestic product rose 0.6%.
Consumer spending, which accounts for 70% of US GDP, increased in the last quarter by 3.1% in terms of annual growth, as expected, while the preliminary data pointed to a rise by 2.9%. In January-March this figure rose 1.8%.
The growth of PCE Core index (Personal Consumption Expenditures, Excluding Food & Energy), which is closely monitored by the Federal Reserve in assessing the risks of inflation, in the second quarter was 1.8%. The evaluation of the index remained unchanged, as expected. In the first quarter, the indicator increased by 1%.
The volume of investments of US companies increased in the second quarter by 3.2%, in terms of annual growth, while investments in intellectual property jumped by 8.6%, a record pace since the fourth quarter of 2007.
Government spending in the last quarter jumped 2.6%, in terms of the annual rate, at a record pace in five years. Pretax corporate profits meanwhile increased by 2.4% in annual terms, after falling 5.8% in the first quarter.
The data presented by Department of Commerce on Thursday is the second estimate of US GDP change of the three. Final data on the growth of the economy for the second quarter will be published in late September.
Since the end of 2011 to the end of 2014, annual GDP growth rate was 2.1% versus 2.4% previously announced. The most significantly was revised the increase of the evaluation of economy in 2013 – by 1.5% (minimum increase since 2009) from 2.2%.