Atlanta Fed raises U.S. third-quarter GDP growth view to 2.8 percent

(Reuters) - The U.S. economy is on track to grow at a 2.8 percent annualized pace in the third quarter, based on the latest data on vehicle sales, factory orders and trade balance, the Atlanta Federal Reserve's GDP Now forecast model showed on Thursday.

The latest estimate for third-quarter gross domestic product was faster than the 2.7 percent growth rate calculated on Monday, the Atlanta Fed said.

(Reporting by Richard Leong)

You May Also Be Interested In

• US finalizes deep Colorado River water cuts to California, Nevada and Arizona
• First migrants buried in Spain's Ceuta after deadly border rush
• Exclusive-US plans $725 million payment towards its large UN debt