WASHINGTON (MarketWatch)
The government cut its calculation of U.S. growth in
the second quarter to 1.3% from 1.7% in its third and final review, citing less
consumer spending and business investment than previously estimated
Consumer
spending rose 1.5% in the previous quarter instead of 1.7% as initially
forecast
And business investment, excluding residential housing, was revised
down to a 3.6% increase from 4.2%
The government also said corporate profits
climbed $21.8 billion in the second quarter, compared to a $53.0 billion decline
in the first quarter
The economy grew at a 2.0% pace in the first three months
of the year
Welcome
The mathematician of the Complutense University of Madrid, José-Vidal Ruiz Varela, argues that Europe must raise its borrowing limit, leaving its deflationary policy.
Cortesía de Investing.com
Agenda Macro
Calendario económico en tiempo real proporcionado por Investing.com España.
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