Strong Growth and an Upbeat Consumer

Numbers released July 27 revealed lean inventories and a solid mix of sales that bodes well for the third quarter

U.S. economic reports on July 27 revealed a solid round of second-quarter gross domestic product data, with lower trend growth for real GDP, a higher average pace of chain price gains, and consumers who remained confident through late July despite the downward nudge in the otherwise still high July confidence reading.

To continue reading this article you must be a Bloomberg Professional Service Subscriber.