The big U.S. economic picture is starting to look a lot better despite a first half that generated an array of all-over-the map data, not least a first-quarter GDP report that showed the economy had shrunk during the first three months of the year.
The Commerce Department on Thursday released its first estimate of second quarter GDP and it wasn’t bad: 2.3% growth, just short of analysts’ estimates of 2.6% and a decent rebound from the soft first quarter. A healthy jump in consumer spending was cited as an important catalyst.
Also read: Trump inherits Obama boom
00:06 Amy Schumer may play Barbie in Sony's live-action film13
14:36 U.S. economy added 178,000 jobs in November; unemployment rate dropped to 4.6 percent13
13:41 Solid Job Growth Strengthens Prospect for a Fed Rate Increase10
09:46 UK manufacturing growth cools unexpectedly in November: PMI9