Atlanta Fed raises U.S. second-quarter GDP view to 1.3%
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FILE PHOTO: Trucks offload containers from ship at the port of Los Angeles in Los Angeles, California, U.S. July 16, 2018. REUTERS/Mike Blake
NEW YORK (Reuters) - The U.S. economy is growing at a 1.3% annualized rate in the second quarter based on domestic construction spending data in April, the Atlanta Federal Reserve's GDPNow forecast model showed on Monday.
This was a touch faster than the 1.2% pace estimated by Atlanta Fed's GDP program on Friday.
(Reporting by Richard Leong; Editing by Chizu Nomiyama)
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