The United States' economy's growth slowed in the second quarter on 2010 Washington's Bureau of Economic Analysis (BEA) said in a recent report.



According to BEA data, gross domestic product (GDP) grew at an annual pace of 2.4%, less than forecast, after a 3.7% first-quarter gain that exceeded estimations.

Additional data showed business activity unexpectedly accelerated in July and consumer sentiment fell less than projected.



The Bureau of Economic Analysis further suggested that consumption growth fell to 1.6% from 1.9%, which reflected the lack of new jobs, and implied that the recovery still cannot sustain itself.

Consumer spending accounts for about 70% of the US economy.

The report also suggested that the slowdown in the US economy's growth rate was as a result of capital investment by US businesses, which saw imports jump 28.8%, overtaking a 10.3% rise in exports.