U.S. 2nd qtr expansion revised down somewhat to 1.1%

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22:10 26 Aug 2016

WASHINGTON, Aug. 26, Kyodo

The U.S. supervision on Friday revised downward a nation’s mercantile expansion rate in a April-June duration by 0.1 commission indicate to an annualized genuine 1.1 percent.

The rider in inflation-adjusted sum domestic product reflected downward revisions to supervision spending and register investment, that were partly equivalent by ceiling revisions to imports, consumer spending and nonresidential private investment, according to a Commerce Department.

The annualized GDP expansion rate in a preceding entertain was 0.8 percent.

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