Washington —
The US economy’s rebound in the second quarter was stronger than previously reported, thanks to consumers who stepped up their spending despite jitters over President Donald Trump’s trade war.
Gross domestic product, which measures all the goods and services produced in the economy, registered an annualized rate of 3.3% from April through June, the Commerce Department said in its second estimate released Thursday. That’s up from the 3% rate in the first estimate.
The latest GDP estimate shows that the economy still rebounded sharply from the 0.5% decline in the first quarter. GDP is adjusted for seasonal swings and inflation.
While the economy’s growth in the second quarter can be mostly attributed to trade swings and consumers, a look under the hood shows that underlyin