It was the strongest quarterly growth for the United States in over two years and was driven by USA families and businesses opening their wallets a little wider.
The nations real gross domestic product (GDP) increased at an annual rate of 3.0 percent in the second quarter, according to the "second" estimatereleased by the Bureau of Economic Analysis on Wednesday.
Quarterly growth, however, can vary widely from the annual average; GDP growth exceeded 3 percent in five quarters since mid-2013, but the overall growth rate each year was ultimately tempered by lax growth in other quarters. The economy grew 2.1% in the first half of 2017 but economists said it was unlikely growth this year would meet Trump's goal.
The economy picked up from a 1.2% rate in the first quarter.
While the consensus view was for a slight upward boost to GDP, some private economists were even more optimistic, forecasting growth would climb to around 3 percent with Wednesday's revised figure.
Wednesday's revision shows that U.S. economy has momentum going into the second half of the year, but Mr Faucher said he did not expect that rate to be sustained over the full year.
Android Oreo supports theming without root
Pixel and Nexus users will be among the first to get the new update, which is not surprising at all. Android Oreo mainly focuses on battery life, speed and security, with greater control of apps.
Investment by businesses also improved to growth of 6.9 percent, reflecting higher spending on structures, equipment and intellectual property.
Economists say that the most-recent data suggest the U.S.is on track to maintain a 3%-plus clip in the third quarter. Fallout from Hurricane Harvey may also trim third-quarter growth, though reconstruction is likely to help expansion in the following period. "All of those things weighed on US growth".
Strong growth and a labor market that is near full employment support views the Federal Reserve will announce a plan to start unwinding its $4.2 trillion portfolio of Treasury bonds and mortgage-backed securities next month and increase interest rates in December.
That was revised up from the 2.8 percent pace reported in July and accounted for the bulk of the pickup in economic growth in the second quarter. In the first quarter, real GDP increased 1.2 percent.The GDP estimate released today is based on more complete source data than were available for the "advance" estimate issued last month.
Increases in personal consumption expenditures (PCE) and in nonresidential fixed investment were larger than previously estimated.
Consumer spending powered the second-quarter surge, rising a revised 3.3% compared to the government's original estimate of a 1.9% gain.
The military has conducted three tests in total, but during a test in June, the interceptor failed as a result of human error. Sailors aboard the destroyer USS John Paul Jones tracked it with radar and fired an interceptor missile to shoot it down.
There are several snake references through the video - apparently a recurring motif for her forthcoming new album reputation . The dancers helped keep Taylor's song and video top secret before she released it over the weekend.
The two new lawsuits claim the ban violates the Fifth Amendment's due process clause and discriminates on the basis of sex. Army who has served for more than 12 years; the Human Rights Campaign; and the Seattle-based Gender Justice League .
This is the closest any Android smartphone user can get to Android Oreo without rooting the phone or owning a compatible device. Inside of version 9.60 for Google Maps , Picture-in-Picture (PiP) support appears to be live for folks running Android 8.0.
Samsung , one of the companies credited with helping rebuild war-torn South Korea, is now assumed to be neck-deep in corruption. Lee denied any involvement and any wrongdoing in the scandal and his lawyer said that he would appeal the conviction.
In 2008, Hurricane Ike forced the Astros to shift a pair of games against the Cubs from Houston to Miller Park in Milwaukee. Plus, Rangers general manager Jon Daniels suggested it would have been unfair to fans with tickets to the September series.
While he has power he watches his opponents and looks for weaknesses early and then goes for the power punch. Smaller bets are going on McGregor with UFC fans backing up their loyalty with their wallets.
Rebel Tory Dominic Grieve said it was "pie in the sky" to think that we can "wholly escape the influence" of the ECJ . In the government's position paper on the matter, which is published this afternoon, a new word has popped up.
Temperatures were well above average in most of San Diego County Sunday amid a heat advisory from the National Weather Service . Highs in El Cajon and Escondido are expected to reach 102, which would match the records in both cities for the date.
But the USA delegation refrained from committing to a two-state solution - the primary focus of peace efforts for decades. "We want to work toward a peace that both sides can agree to and that both sides find sustainable.
Apple is aggressively shutting down Iranian-based apps , reportedly citing adherence to USA sanctions against the country. Taghizadeh has also protested the move with a #StopRemovingIranianApps campaign on Twitter , according to The Times .
Whole Foods is now available on Google Express , but it seems unlikely that will continue to be the case for very long. This includes Walmart's " easy reorder " feature which helps you repurchase products that you buy regularly.
Cabrera shoved Romine and traded punches, causing the team benches to clear and leading to several side incidents that broke out. Iglesias had three hits and drove in four runs, while Justin Upton and McCann hit solo homers for Detroit (55-71).
Beckham, a former LSU star, suffered the ankle injury on a questionable hit by Cleveland defensive back Briean Boddy-Calhoun. WR Tavarres King reinjured an ankle Monday night and CB Michael Hunter is in the concussion protocol.
Those who have purchased tickets to the game can get a refund; if not, the money will still go to the relief fund. The Dallas Cowboys confirmed that Thursday's preseason finale with the Houston Texans has been canceled.
President Donald Trump will start his campaign to reform the nation's tax code Wednesday with a speech in Springfield, Mo. According to the Springfield News-Leader, company executives contributed to Trump's presidential campaign previous year .
The next year, Torrence won a silver medal competing for Team USA in the 5,000-meter at the 2015 Pan American Games in Toronto. On the track, he was the 2009 US indoor champion in the 3,000-meter, and later went on to a record-breaking 2014 season.
Secretary General, to work to end the discrimination against Israel in some branches of your organization". Besides Israel and the Palestinian territories, Macron said the trip will include Lebanon and Jordan.
After opening preorders last Sunday, Microsoft now says the Xbox One X is the "fastest-selling Xbox pre-order ever". The partner retailers of Microsoft will soon drop the console when they run out of stock as well.
They are seeking an end to Israeli settlement construction and also want the U.S.to support the creation of the Palestine state. Kushner heard out the Palestinian leader's demands and postponed any responses for the next meeting they have.
Lottery players will have a shot at a $700 million Powerball jackpot that ranks as the second largest in US history. Five white balls are drawn from a drum containing 69 balls and one red ball is selected from a drum with 26 balls.
Most of the Jaguars' players say they are comfortable with either Henne or Bortles as the starter for the regular season. Asked how he thought the quarterback competition would turn out this upcoming week, Bortles said he had no idea.
And later: "The world moves on / Another day another drama, drama / But not for me, not for me / All I think about is karma". Instagram created it after the singer's feud with the Kardashian-Wests a year ago over Kanye West's song Famous .