US economic growth hit 3.9% in second quarter

Washington: The US economy sped along at a peppy 3.9 percent annual pace in the second quarter, faster than originally thought, the Commerce Department said Friday.

The new data confirmed the economy`s rebound from a first-quarter stall, though since then it has settled to a more modest pace as global growth has slowed.

Both investment and consumer spending -- keys to economic strength -- were stronger in the April-June period than in the previous growth estimate, which was 3.7 percent.

Investment in inventories was lower than previously thought, but that only suggested that inventory spending would remain solid through the current quarter.

The revised figure was better than expected, adding to arguments that the economy remains strong, despite weakness elsewhere in the world.