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Friday, 26 September 2014

U.S. second-quarter growth revised up to a brisk 4.6 percent pace

Bird flies past a container ship belonging to China Shipping Container Lines at the Port of Los Angeles in San Pedro WASHINGTON, Sept 26 (Reuters) - The U.S. economy grew at its fastest pace in 2-1/2 years in the second quarter and activity was broad-based, in a bullish signal for the remainder of the year. The Commerce Department on Friday raised its estimate of gross domestic product to show the economy expanded at a 4.6 percent annual rate. The best performance since the fourth quarter of 2011 reflected a faster pace of business spending and sturdier export growth than previously estimated. The stronger growth profile provides a firmer base for the third quarter. ...








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