U.S. Economy Grew at 2.1% Rate in Second Quarter

WASHINGTON—The U.S. economy grew at a healthy clip in the second quarter as higher consumer spending offset a decline in business investment, keeping the decadelong expansion on track despite trade tensions and cooling global activity.

Gross domestic product, a broad measure of goods and services produced across the economy, rose at a 2.1% annual rate in the second quarter, adjusted for seasonality and inflation, the Commerce Department said Friday.