The US economic growth was a little slower than originally expected in the second quarter, with aggressive fall in stocks of companies overshadowing the rise in consumer spending.
The real growth domestic product (GDP) of the Organisation for Economic Cooperation and Development (OECD) slowed to 0.3% in the second quarter, after reaching 0.4% in the first three months of the year. The result was slightly below the 1.2 percent rate reported last month.
Confirming the preliminary reading for growth, the Federal Statistics Agency reported that foreign trade contributed 0.6 percentage to the GDP , with exports rising 1.2 percent in the quarter and imports fell 0.1 percent.
in the whole of the European Union, growth slowed less strongly, standing at 0.4% (0.5% in the previous quarter).
the Spanish consumers, however, have kept spending despite uncertainties amid improved market conditions work, as the country is still recovering from a serious crisis ended in 2013. exports rose 1.2 percent.
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