Friday, July 29, 2016

ABC: Output expands, but nonresidential fixed investment falters

Real gross domestic product (GDP) expanded 1.2% (seasonally adjusted annual rate) during 2016’s second quarter according to according to an analysis of Bureau of Economic Analysis data released by Associated Builders and Contractors (ABC).

This modest figure follows a 0.8% annualized rate of output growth registered during the year’s first quarter.

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