Imports, which are a subtraction in the calculation of GDP, increased (table 2).
The outcome for the second quarter and the downwardly-revised growth in the first quarter, put growth in the first half of 2017 at 1.9 percent, above the 1.5 percent recorded previous year and close to the economy's long-term trend growth rate of two percent.
Businesses increased fixed investment just 2.2% in the spring, however, after a 8.1% gain in the first quarter, when enthusiasm for the new pro-business Trump administration may have triggered a jump in corporate spending. He acknowledged the contribution of consumer spending but observed, "Business spending has also increased 5.2%".
"Investment, which has disappointed over the past couple years, is coming back, and that's an encouraging sign for the future", said Seville. That's more than 2X the revised 1.2% pace in Q-1.
The U.S. entered the ninth year of economic expansion on a familiar path of steady but unspectacular growth, with few obvious indications it is near exhausting itself.
WhatsApp Now Has One Billion Daily Active Users
While using the in-app camera, the user can now swipe up to get a preview of all the photos and videos for easy uploads. For the sake of comparison, Facebook just recently announced that it now has about 2 billion monthly users.
The Presidential Pardon That Backfired
For that reason, I expect the president to hold off on pardoning anyone until it becomes absolutely necessary for him to do so. Kushner will meet Monday with the Senate Intelligence Committee and Tuesday with the House Intelligence Committee.
The economy grew 1.9 percent in the first half of 2017, making it unlikely that GDP would top 2.5 percent for the full year. "For consumers to continue to lead the economy we need wage growth to accelerate".
"The economy is moving along at a pace that's unexciting but not worrisome", said Michael Feroli, chief USA economist at JPMorgan Chase in NY.
"There appears to be no holding back the Canadian economy, at least for now", TD Bank senior economist Brian DePratto wrote in a client note.
"This is only going to strengthen the case for them", he said of the central bank.
The Q2 employment cost index fell from 0.8% to 0.5%.
Companies such as Boeing, Facebook and Shell reported strong quarterly earnings this week. The economy grew 3.5 percent in the third quarter of 2016 before slowing down.
The Canadian dollar, which has been gaining ground since the middle of last month when speculation of a central bank rate hike started, was trading at 80.52 cents USA, up from an average price of 79.87 cents United States on Thursday.
There was, however, little inflation in the economy in the second quarter and wage growth decelerated despite a tightening labor market. "As more lawmakers around the country are recalibrating their incentive packages in response to the retail sector, I expect builders to increasingly look to repurposing vacant retail - often located in valuable locations with high access and parking - in their building plans over the next 18 months".
Blazers trade Allen Crabbe in salary dump
Portland matched the sheet and, under league rules, needed to wait one full year to include Crabbe into a deal with the Nets. The Blazers have been rumored to be involved in the Carmelo Anthony or Kyrie Irving sweepstakes, likely as a third team.
Swiss chainsaw attack was not a terrorist hit
The injured included one employee of the insurance company who suffered serious wounds, AFP reported, citing Schaffhausen police . Officers warned that Wrousis may be armed and asked anyone who sees him to contact police immediately, and to keep away from him.
Monaco's Mendy moves to City
The 23-year-old signed a six-year contract with the Citizens to become one of the many signings to join Pep Guardiola's squad. Aleksandar Kolarov was sold to Roma on Saturday, following Pablo Zabaleta, Gael Clichy and Bacary Sagna in leaving.
Survivor of deadly California crash blames social media
Sanchez recorded the fatal crash online last week after losing control of her vehicle about 75 miles northwest of Fresno, Calif. In the event that Obdulia is found guilty on all charges, she faces a maximum sentence of 13 years and eight months in prison.