US economy grows less than expected in Q2

The US economy grew by 1.2% in the second quarter, weaker than expected, according to an advance estimate released Friday.
Economists had forecast an improvement in growth from the first quarter to an annualized pace of 2.5%, according to Bloomberg.
The big drag on growth was weak business spending, and its impact was bigger than recorded in the first quarter. The decline in company inventories shaved 1.2 percentage points from second-quarter gross domestic product.
Private fixed investment fell