GDP

The second-quarter economic rebound was stronger than initially thought at 4.6% annual rate.

By Jim Puzzanghera contact the reporter

The U.S. economy grew at a 4.6% annual rate this spring, rebounding more strongly than initially estimated from a weather-related winter contraction, the Commerce Department said Friday.

The growth rate for the April-through-June period was revised up from a 4.2% estimate in August in the government’s final revision of the data.

The new figure showed the economy expanded in the second quarter at its fastest pace since the fourth quarter of 2011 and topped a 4% annual growth rate for just the third time since the Great Recession ended five years ago.

The economy was boosted by increases in exports and private inventory investment in the second quarter, the Commerce Department said.

Growth also was spurred by consumers and businesses catching up for activity lost in the first three months of the year, when severe weather hit much of the country.

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