According to the third estimate for gross domestic product (GDP) growth in the second quarter of 2014, real GDP expanded at an annualized rate of 4.6 percent, a stronger rebound from the first quarter contraction than the initial estimate of 4.0 percent reported in July and the second estimate of 4.2 percent reported in August. It was the largest improvement between two consecutive quarters since the change from the first to second quarter of 2000. Much of the strong growth was attributed to large contributions from consumer spending and private inventory investment.
