GDP in the second quarter grew at a 4.6% pace.

This is according to the third estimate from the BEA, which revised growth up to 4.2% in late August.

Expectations were for the report to show GDP grew at a 4.6% annualized rate in the second quarter.

In its report, the BEA said, "The increase in real GDP in the second quarter primarily reflected positive contributions from personal consumption expenditures (PCE), exports, private inventory investment, nonresidential fixed investment, state and local government spending, and residential fixed investment. Imports, which are a subtraction in the calculation of GDP, increased."

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