Oxford Economics
2 mins read
US economy grew a solid 2.2% in the second quarter, government says, upgrading previous estimate
WASHINGTON | The U.S. economy grew at a solid 2.2% pace from April through June as consumer spending and business investment came in strong. Growth in gross domestic product — the nation’s output of a goods and services — decelerated from a 2.5% pace from January through March, the Commerce Department reported Wednesday. The second-quarter […]
5 mins read
Retail sales rise a better-than-expected 1.2% in August after shoppers pulled back spending in July
NEW YORK | Consumers may be griping about higher prices at the pump and elsewhere, but they keep spending, helping to power the economy, according to the latest government snapshot. Retail sales rose a better-than-expected 1.2% last month after recording a revised 0.5% dip in July, according to Commerce Department data released Wednesday. Economists were […]