The nation's economy grew less than economists expected in the second quarter, according to the latest
gross domestic product report from the Commerce Department.
The government said GDP rose 1.1% in the quarter, well below analysts' expectations of 2.3% growth. The report is the first of three that will be released detailing economic growth in the second quarter of the year.
In addition to the second-quarter report, the first-quarter GDP number was revised down to a 5% increase from 6.1% growth previously.
Final sales in the second quarter fell 0.1% after seeing a gain of 2.4% in the first quarter.