By Lucia Mutikani WASHINGTON (Reuters) - U.S. economic growth accelerated more than expected in the second quarter and the decline in output in the prior period was less steep than previously reported, bolstering views for a stronger performance in the last six months of the year. Economists had forecast the economy growing at a 3.0 percent rate in the second quarter after a previously reported 2.9 percent contraction. A separate report showing private employers added 218,000 jobs to their payrolls last month, a decline from June's hefty gain of 281,000, did little to change perceptions the economy was strengthening. The economy grew 0.9 percent in the first half of this year and growth for 2014 as a whole could average above 2 percent.
from Business News Headlines - Yahoo! News http://ift.tt/1pDRd0t
via
IFTTT
No comments:
Post a Comment