WASHINGTON —The U.S. Commerce Department's Bureau of Economic Analysis today released its second estimate of gross domestic product (GDP) growth for the second quarter of 2015. Real GDP rose 3.7 percent at an annual rate in the second quarter, well above the first quarter's 0.6 percent pace and the BEA's initial second-quarter estimate of 2.3 percent growth.
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About the Economics & Statistics Administration
The Economics and Statistics Administration (ESA) plays three key roles within the Department of Commerce (DOC). ESA provides timely economic analysis, disseminates national economic indicators, and oversees the U.S. Census Bureau (Census) and the Bureau of Economic Analysis (BEA). In this latter role, ESA works closely with the leadership at BEA and Census on high priority management, budget, employment, and risk management issues, integrating the work of these agencies with the priorities and requirements of the Department of Commerce and other government entities.