That was an acceleration from the 1.9 percent pace in the first quarter.
While the 2.6 percent growth in the second quarter signals a rebound from the previous quarter, it still falls short of the 3 percent to 4 percent growth the Trump administration has been targeting. Most promisingly, equipment spending soared in the latest data to its fastest pace since the third quarter of 2015, up 8.2 percent, with 4.9 percent growth in structures spending.
In a scheduled release the Bureau of Economic Analysis (BEA), the USA agency that compiles gross domestic product data, said last quarter's growth rate came in at 1.2%, revised down from 1.2%.
Economists surveyed by The Wall Street Journal had expected an increase of 2.7%.
The gross domestic product data, published Friday, says consumer and business spending helped boost growth.
The economy picked up in the second quarter after a lackluster start to the year as solid consumer spending more than offset weak business stockpiling and residential investment.
Friday's GDP data is the first of three measurements the Commerce Department will take of the economy in the second quarter.
That puts the first half average growth at 1.9%, still under 2%, and no great shakes, points out Thomas Byrne of Wealth Strategies & Management.
Andrew Hunter, US economist at Capital Economics, said: "Looking ahead, the strengthening labor market should continue to support real consumption growth, while the business surveys remain at a high level and suggest that investment will continue to recover".
The Canadian dollar added to gains against the greenback immediately after the report, while traders increased their bets of another interest rate hike from the Bank of Canada, which earlier this month raised rates for the first time in almost seven years.
Yet the International Monetary Fund said that its forecast for global growth remained unchanged, given strengthening economies in France, Germany, Italy, Spain, Japan and Canada. That would follow two straight quarters when investment in homebuilding supported GDP growth. Nondurable goods spending was also stronger, up 3.8 percent in the second quarter.
Growth was held back by the housing market, though. "The issue of "residual seasonality" is likely to persist through the upcoming revision".
The Trump administration said there is also the potential for future facilities in other states like Illinois, Indiana, and MI . In fact, he has even spoken specifically about getting Apple to manufacture its products in the United States.
Iranian Deputy Foreign Minister Abbas Araqchi said on Wednesday that Tehran will respond "firmly" to the U.S. President Donald Trump to become law. "Iran will definitely respond to the USA hostile move", he noted.
Tillerson has reportedly had an icy relationship with Trump and the White House since he became secretary of state. . Pressed about Mr Tillerson's light schedule in recent days, Ms Nauert said he was "just taking a little time off".
The house changed hands late a year ago to a corporate owner, and officials said some work was done on the pool area this spring. She asked her five-year-old son where they were before she looked out the window and saw Nicholas floating in the murky pool.
It's notable too that she broke records with Wonder Woman , as it was the highest-grossing live-action film directed by a woman. Jenkins' " Wonder Woman " is still chugging along at the box office, with over $389.7 million from North American theaters.
Sushma Swaraj was allowed to speak after Speaker Sumitra Mahajan's repeated requests to maintain the order of the House. Masih claimed all the 39 men, barring him, were executed by the terrorists shortly after they were captured.
Teigen was proud to announce Monday morning that Trump finally got exhausted of seeing her trolling techniques after nine years. Teigen has never been one to back down from adversity, so somehow, someway, she will probably survive this.
Judge Nicholas Francis said Tuesday that the hearing would resume Wednesday and that he expects to issue a ruling later that day. Very few people who develop the condition in infancy survive to their teenage years, and there is now no known treatment for it.
In November 2016, Saakashvili quit his post and formed an opposition party and was seen heavily criticizing Ukrainian authorities. The move was widely seen as political retribution against Saakashvili, who was getting increasingly popular.
West Ham are now on a pre-season tour of Germany where Hernandez is expected to join the rest of the squad this week. And that optimism is a far cry from this time last season, when most of their signings sank without trace.
Trump won't let Assad get away with ''horrible'' actions
Ending the operation has been seen as a net gain for the Kremlin by several officials privy to the decision. "Putin won in Syria". Trump chose to nix the aid nearly a month ago after meeting CIA Director Mike Pompeo and National Security Adviser H.R.
Amazon Founder Jeff Bezos Beats Bill Gates
At the start of 2017, Bezos was ranked fourth in the list behind Bill Gates, Warren Buffett, and Amancio Ortega. That would put him past Gates, expecting the valuations of their non-stock property haven't changed.
Venezuela's Maduro lashes out at 'insolent' USA sanctions
The existing Supreme Court has consistently backed Maduro and shot down all measures by the opposition-led National Assembly. The sanctions were announced as a two-day national strike began in the country, organized by opposition groups.
'Apple CEO promised to build three big plants in US'
Trump claims that Apple CEO Tim Cook called him and committed to construct " three big plants , attractive plants" domestically. Apple, on its part, had been making disclosures to highlight how it had been contributing to job creation in the US.
Gunaratne in doubt for rest of India Test series
India began their dream run in Tests under Virat Kohli by winning the Test series against Sri Lanka two years ago. He had scored at an awe- inspiring strike rate of 91.81 until then, and accelerated once he crossed this landmark.
Bayern Beat Chelsea On Morata's Debut
They scored three good goals but that is something we need to work on at the training ground, to make sure we correct that. He added: "After being champions two years ago, we had a bad season".
UK GDP grows 0.3% in second quarter, first half lacklustre
Meanwhile inflation began to recede, which if it continues in the coming months could end the squeeze on real incomes. Construction output also paid back much of the 1.1 percent gain seen in the first quarter, declining some 0.9 percent.
Nokia's First Android Phone launching in August
According to the recent leaked price of Nokia 8 also leaked and it was with a price tag of Euro 589 (approximately Rs.43,400). Its standout features include a smart audio amplifier, dual speakers powered by Dolby and a Qualcomm Snapdragon chipset.