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U.S. GDP 1.2% vs. 2.6% forecast

Published 29/07/2016, 13:30
U.S. GDP 1.2% vs. 2.6% forecast
Investing.com - Gross domestic product in the U.S. rose less-than-expected in the last quarter, preliminary official data showed on Friday.

In a report, the Bureau of Economic Analysis said that GDP rose to a seasonally adjusted annual rate of 1.2%, from 0.8% in the preceding quarter whose figure was revised down from 1.1%.

Analysts had expected U.S. gross domestic product to rise 2.6% in the last quarter.

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