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Strong growth of the US economy for the second quarter | Global’s Economic News

Strong growth of the US economy for the second quarter

Strong growth of the US economy for the second quarter

Strong growth of the US economy for the second quarter

Strong growth of the US economy for the second quarter

The US economy grew in the second quarter of this year by 3.9%, which is higher than expected, thanks to consumer spending data and construction sector strength, which enhances the chances of increasing the proportion of interest in America before the end of the year.

The Commerce Department said today that the country’s economic growth rose by 3.9% between April and June, higher than expected rate last month, which amounted to 3.7%.

And it has been revised growth of consumer spending – which makes up more than two thirds of US economic activity – from 3.1% to 3.6% fee the second quarter of the year, this increase is due to lower fuel prices and improved housing prices. As it has been revised construction spending, rising 4.1% mentioned period.

In general, the expectation remains that America’s economy is growing this year by 2.1%, and that according to the latest central bank data.

The data were adjusted for growth, a day after the US central bank President Janet Yellen’s statement that it still expects to start raising interest rates by the end of this year, after he kept them close to zero from the Federal Reserve in 2008 following the outbreak of the global financial crisis.

After Janet Yellen’s statement and data growth of the economy, the dollar rate and indicators of Wall Street and oil prices rose, as the US currency went up by 0.32%, to settle at $ 1.1192 per euro, rose by 0.44% against the Japanese yen to settle at a price of 120.59 yen to the dollar.

Dow Jones Industrial Average rose 0.93% S & P 500 0.52% wider, and laced Nasdaq technology stocks 0.25%. The price of Brent crude rose 45 cents to $ 48.62 to almost a barrel, and US crude rose 89 cents to $ 45.80.

Strong growth of the US economy for the second quarter

Strong growth of the US economy for the second quarter