U.S. economy growth from January-April solid at 6.4%, Commerce Dept. says – By Zarrin Ahmed (UPI) / June 24 2021
June 24 (UPI) — The Commerce Department said in an updated assessment on Thursday that the overall U.S. economy grew by more than 6% between January and April — the second-best quarterly mark of the COVID-19 era, and unchanged from the first two estimates.
The department said gross domestic product, the overall output of goods and services, climbed by 6.4% in the first quarter. That’s exactly the same figure pegged by its first two reports in April and May.
With more businesses reopening from coronavirus-related restrictions and an uptick in vaccinations nationally in the first three months of 2021, the department said consumers were encouraged to spend more.
“The ‘third’ estimate of GDP released today is based on more complete source data than were available for the ‘second’ estimate issued last month,” the department said in its report.
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