According to the third estimate released by the U.S. Bureau of Economic Analysis, real GDP rose 2.5 percent in the second quarter of 2013. GDP remained the same from the second estimate of 2.5 percent, with downward revisions to private inventory investment and exports, offset by an upward revision to state and local government spending. The growth in the second quarter came primarily from consumer spending, nonresidential fixed investment, private inventory investment, and residential investment and was partly offset by a negative contribution from federal government spending and net exports.
