US second quarter growth stronger than estimated, government says

A sale sign is displayed at a retail store in Rosemont, Illinois, on June 25, 2024. Stronger consumer spending contributed to a 3% expansion in the U.S. economy in the second quarter of the year, the Commerce Department reported on Aug. 29, 2024.

The U.S. economy expanded more than initially estimated in the second quarter this year, the Department of Commerce said Thursday, on stronger consumer spending than originally anticipated.