Second Quarter GDP Upwardly Revised from 3.0% to 3.1%

Second Quarter GDP Upwardly Revised from 3.0% to 3.1%”

The latest third-quarter gross domestic product estimate was slower than the 2.2 percent growth rate calculated on September 19, the Atlanta Fed said.

Economic activity in the US increased by slightly more than previously estimated in the second quarter, the Commerce Department revealed in a report on Thursday. The general picture of economic growth remained the same.

The Commerce Department says the April-June expansion in the gross domestic product - the economy's total output of goods and services - was up slightly from a 3 percent estimate made a month ago.

The stronger than previously estimated GDP growth primarily reflected an upward revision to private inventory investment.

In the first quarter, real GDP increased 1.2%.

Harvey, which struck Texas, has been blamed for much of the decline in retail sales, industrial production, homebuilding and home sales in August. However, that pace would need to be sustained or surpassed in the third and fourth quarters for there to be 3% growth on an annual basis.

Like this


28 September 2017
Google Home 'Max' High-End Stereo Speakers Reportedly In The Works
The HomePod won't be arriving until December, but Apple is charging a premium price of $349 for the Siri-powered smart speaker. According to a report at 9to5Google, the tech company is now creating a new version of its smart speaker with stereo sound.

28 September 2017
'More than 500000' Rohingya enter Bangladesh
Rights groups say about half of more than 400 Rohingya villages have been torched in the violence . But the military say they are targeting only militants.

28 September 2017
Cher Musical 'The Cher Show' Coming to Broadway in 2018
Choreography is by Christopher Gattelli (" Newsies ") and direction is by Jason Moore (" Avenue Q "). The show is informed by a series of interviews that Mr.

28 September 2017
JioPhone early refund: Recharge must be worth Rs 1500 in a year
While announcing the Jio Phone , Mukesh Ambani mentioned that the 4G VoLTE feature phone will be effectively free of cost. This would not be a surprise to many, considering the company would want the buyers of its phone to remain on its network.

28 September 2017
Fayetteville pair wins $1 million lottery prize
The winning ticket was bought at the Ionia Marathon, located at 121 North Dexter Ionia. Friday's Mega Millions jackpot will be worth $20 million ($12 million cash option).

28 September 2017
Chelsea defeat Atletico Madrid 2-1 in Champions League duel
Cesar Azpilicueta has wished Diego Costa all the best after his transfer to Atletico Madrid from Chelsea was confirmed last week. What channel can I watch it on? "I think he's improving and his commitment has been very good during the transition".

28 September 2017
Google is reportedly prepping a high-end Home 'Max'
Google's Google Home speaker costs $130, though Apple's upcoming smart speaker, HomePod , has not even hit the market yet. With Google hosting a Pixel event on October 4 , there's a chance we might see this product sooner rather than later.

28 September 2017
Analyst Earnings Forecast Scan: QUALCOMM Incorporated (QCOM)
TRADEMARK VIOLATION NOTICE: This article was originally posted by StockNewsTimes and is the sole property of of StockNewsTimes. Arcadia Investment Management Corp increased Broadcom Ltd stake by 6,491 shares to 21,690 valued at $5.06 million in 2017Q2.

28 September 2017
Catalonia urges European Union intervention in independence vote dispute
The force's loyalty has been torn between the central and regional governments. He said he doesn't expect violence on the day of the ballot.

28 September 2017
N.Korea mobilises aircraft in response to United States bombers
Russian Federation and China have repeatedly warned that the escalating crisis on the Korean Peninsula has no military solution. Following North Korea's escalating provocations, Seoul and Washington have been working on strengthening defenses.