From Reuters.com:
The U.S. economy rebounded sharply in the second quarter as consumers stepped up spending and businesses restocked, putting it on course to close out the year on solid footing.
Gross domestic product expanded at a 4.0 percent annual rate after shrinking at a revised 2.1 percent pace in the first quarter, the Commerce Department said on Wednesday.
The government previously had said the economy contracted at a 2.9 percent rate at the start of the year.
The second-quarter expansion was much stronger than the 3.0 percent economists had expected and added to manufacturing and services sector data in bolstering the outlook for the remainder of the year...
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Link: http://www.reuters.com/article/2014/07/30/us-usa-economy
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