US POSTS STRONG GROWTH IN SEC­OND QUAR­TER

Business Today - - THE BUZZ -

The U.S. eco­nomic growth in the sec­ond quar­ter was stronger than ex­pected as GDP growth was re­vised up­wards to 4.2 per cent, the fastest rate in four years. The econ­omy was on track as lower con­sumer spend­ing was off­set by in­vest­ments in soft­ware and re­duced im­ports. Com­pared to the sec­ond quar­ter of 2017, out­put in­creased by 2.9 per cent in­stead of the pre­vi­ously re­ported 2.8 per cent.

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