Second Quarter GDP Revised Higher

Washington, DC, Sept. 30, 2010--Gross Domestic Product grew at an annual rate of 1.7% in the second quarter, the government said on Thursday.

The report was the Commerce Department's third estimate of GDP growth and was slightly higher than its previous estimate of 1.6%.

Economists expected the final estimate to remain unchanged at 1.6%.

In the first quarter, GDP grew 3.7%.