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Economy grew at 1.7 percent pace in second quarter

Though growth remains weak, the pickup last quarter supports forecasts that the economy will accelerate the rest of the year.

By Christopher S. Rugaber | Updated on July 31, 2013
A chassis assembly line supervisor checks a vehicle on the assembly line at the Chrysler Jefferson North Assembly plant in Detroit. (AP Photo/Paul Sancya, File)

WASHINGTON — The U.S. economy grew from April through June at an annual rate of 1.7 percent — a sluggish pace but stronger than in the previous quarter. Businesses spent more, and the federal government cut less, offsetting weaker spending by consumers.

The government on Wednesday sharply revised down its estimate of growth in the January-March quarter to a 1.1 percent annual rate from a previously estimated 1.8 percent rate.

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