Monday, July 31, 2017

U.S. economic growth accelerates in second quarter; Nonresidential fixed investment maintains momentum

Real gross domestic product (GDP) expanded by 2.6% on a seasonally adjusted annualized basis during the year’s second quarter, according to Associated Builders and Contractors’ analysis of data released today by the Bureau of Economic Analysis. Nonresidential fixed investment, a category of GDP embodying nonresidential construction activity, expanded at a 5.2% seasonally adjusted annual rate. This follows a 7.2% expansion during the first quarter.

No comments:

Post a Comment