GDP speeds up to 2.6pc in second quarter
Sat, Jul 29 2017, 12:00 am
WASHINGTON, July 28 (Reuters): The US economy accelerated in the second quarter as consumers ramped up spending and businesses invested more on equipment, but persistent sluggish wage gains cast a dark shadow over the growth outlook.
Gross domestic product increased at a 2.6 percent annual rate in the April-June period, which included a boost from trade, the Commerce Department said in its advance estimate on Friday. That was more than double the first quarter's downwardly revised 1.2 p...read more