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Message
Economy rockets up to 2.6% GDP growth
Posted on 7/28/17 at 9:12 am
Posted on 7/28/17 at 9:12 am
LINK
quote:
WASHINGTON (MarketWatch) - The U.S. grew at a 2.6% annual pace in second quarter, rebounding from soft patch at the start of the year. Consumer spending, the main engine of the economy, led the way with a 2.8% increase, according to Commerce Department data. Business investment in equipment rose 8.2%, while outlays on structures advanced 4.9%. In a bit of a surprise, the value of inventories fell slightly to mark the second decline in a row. Investment in new housing also sank 6.8%. Exports rose 4.1% and imports edged up 2.1%. Inflation as measured by the PCE price index increased at a 0.3% annual rate.
7
Posted on 7/28/17 at 9:14 am to cokebottleag
Now if congress would do their part we can easily get this economy up to 4%. Trump can only do so much.
Posted on 7/28/17 at 9:15 am to cokebottleag
I know we're used to 1.0% growth under what's his name but 2.6% isn't rockets
Posted on 7/28/17 at 9:20 am to cokebottleag
First quarter revised downward and most years since the recession have seen a second quarter uptick. Average for first half about 2%...not much different from last few years. Regardless of the growth rate, what have Trump and Congress done to change things other than possibly change consumer sentiment? Still way to early to gloat or sulk as far as the economy.
Posted on 7/28/17 at 9:37 am to cokebottleag
Q1 and Q3 revised down and Q2 missed expectations.
Not exactly something to get amped about.
Not exactly something to get amped about.
Posted on 7/28/17 at 9:39 am to cokebottleag
I'm always amazed how much impact "perception" has on the markets.
Just having a president who is a public advocate of business and the economy can have a noticeable effect.
Just having a president who is a public advocate of business and the economy can have a noticeable effect.
Posted on 7/28/17 at 10:03 am to cokebottleag
Thanks Trump for putting our economy in the shitter. Wait what?
Posted on 7/28/17 at 10:03 am to cokebottleag
Last year a lot of people in my company were on the bench. Things were going slow in Canada and the US. We were applying the extra manpower to business development.
It's the opposite now. We are 100% utilized and may have to turn down work. Most of our clients are large manufacturers too.
I get a sizable bonus if I recommend someone that ends up being hired as an experienced senior level or higher. We are pretty desperate for more good people.
It's the opposite now. We are 100% utilized and may have to turn down work. Most of our clients are large manufacturers too.
I get a sizable bonus if I recommend someone that ends up being hired as an experienced senior level or higher. We are pretty desperate for more good people.
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