Second-quarter real gross domestic product expanded 1.3% at an annual rate in the third estimate, the Commerce Department reported Thursday. The figure was revised up 0.3 percentage points from the second estimate in August, bringing it back to the the first estimate.

The principal reasons for the increase primarily reflected upward revisions to personal consumption expenditures, a downward revision to imports — a subtraction in the GDP calculation — and an upward revision to exports, according to the report.

Subscribe Now

Independent and authoritative analysis and perspective for the bond buying industry.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.