News Formal

U.S. second-quarter growth rate cut to 2.1% on business spending

  • 📰 BNNBloomberg
  • ⏱ Reading Time:
  • 34 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 17%
  • Publisher: 50%

日本 ニュース ニュース

日本 最新ニュース,日本 見出し

The U.S. government’s main measure of U.S. economic activity in the second quarter was revised lower, as more moderate business investment than initially reported outweighed stronger consumer spending.

Gross domestic product rose at a revised 2.1 per cent annualized pace in the second quarter, below the government’s previous estimate. The downward revision to GDP reflected less inventory and nonresidential fixed investment. Household spending, the engine of the US economy was revised higher, to a 1.7 per cent pace.

The average of the two measures rose 1.3 per cent, the most in nearly a year. The group that officially determines the timing of business cycles watches the average closely. While that strength has led many to push out their recession forecasts — or scrap them altogether — a sustained acceleration in activity could force the Federal Reserve to step on the brakes harder to ensure inflation continues to fall.The report also includes the government’s first estimate of corporate profits in the quarter. Adjusted pretax corporate profits fell 0.4 per cent in the April to June period, reflecting a drop at financial corporations. From a year earlier, profits were down 6.

このニュースをすぐに読めるように要約しました。ニュースに興味がある場合は、ここで全文を読むことができます。 続きを読む:

 /  🏆 83. in JP
 

コメントありがとうございます。コメントは審査後に公開されます。

日本 最新ニュース, 日本 見出し

Similar News:他のニュース ソースから収集した、これに似たニュース記事を読むこともできます。

U.S. consumer confidence wanes with prices still high and signs of a cooling job marketAmericans are feeling less confident financially as summer comes to a close and high prices and interest rates weigh on their willingness to spend.
ソース: CTVNews - 🏆 1. / 99 続きを読む »