Economic Data Shows Stronger Markets Than Once Thought

By: ETFdb
While daily economic news seems all doom and gloom recently, the latest release of U.S. economic data on Thursday shows a hungry consumer and an assorted delineation for the manufacturing sector, which is still better than expected. Based on the data, economists surveyed in the CNBC/Moody’s Analytics Rapid Update raised their forecasts for third-quarter GDP by 0.2 to a median 2.1% pace of growth.
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