The American economy expanded at a healthy 3% annual pace from April through June, boosted by strong consumer spending and business investment, the government said, leaving its previous estimate unchanged.

The U.S. economy grew at a 3% rate in the second quarter, in line with economists' expectations, according to the latest data from the Bureau of Economic Analysis.

GDP picked up sharply in the second quarter from the tepid 1.6% annual rate in the first three months of the year.

The U.S. economy expanded at a healthy 3 percent annual pace from April through June, boosted by strong consumer spending and business investment, the government said Sept. 26,

The U.S. economy grew at a 3% annual pace in this year’s second quarter, fueled by strong consumer spending and business investment. The U.S.