U.S. GDP in Second Quarter Was 3.3 Percent

The U.S. gross domestic product in the second quarter rose 3.3 percent, the Commerce Department reported Thursday.

That figure compares with first quarter GDP growth of 3.8 percent.

The major contributors to the increase in real GDP in the second quarter were personal consumption expenditures, exports, equipment and software, residential fixed investment and government spending.

GDP measures the financial value of goods and services produced by labor and property.