The US economy grew at its fastest pace in more than two years in the second quarter, much faster than initially estimated, official data showed Wednesday.

Hitting a White House growth target for the first time in Donald Trump's presidency, Gross Domestic Product (GDP) increased 3.0 percent in the April-June period, the Commerce Department reported.

The figure was revised up a steep four tenths from the estimate published last month, due to higher personal spending and business investment.