U.S. GDP grew 4% in 2Q

   The U.S. economy increased at an annual rate of 4 percent in the second quarter of 2014, compared to a first quarter decrease of 2.1 percent.
   The Commerce Department said the increase in real gross domestic product in the second quarter primarily reflected positive contributions from personal consumption expenditures, private inventory investment, exports, nonresidential fixed investment, state and local government spending, and residential fixed investment.
   Specifically, exports of goods and services increased 9.5 percent in the second quarter, in contrast to a decrease of 9.2 percent in the first, while imports of goods and services increased 11.7 percent, compared with an increase of 2.2 percent.