The U.S. gross domestic product grew at a 2.5 percent rate in the first quarter, up from 0.4 percent in the previous quarter, as consumer spending surged.
The U.S. Commerce Department said businesses restocked warehouses shelves at a faster clip and consumer spending posted the biggest gain in more than two years.
However, government spending sank 4.1 percent with another deep cut in defense spending, and imports surged in part because of a spike in oil prices.
The GDP fell short of most economists’ expectations for the quarter.
