Atlanta Fed raises U.S. second-quarter GDP view to 3 percent

NEW YORK (Reuters) - The U.S. economy is expanding at 3.0 percent annualized pace in the second quarter based on the latest data on manufacturing activity and construction spending, the Atlanta Federal Reserve's GDP Now forecast model showed on Monday.

The latest second-quarter gross domestic product estimate was higher than the previous figure of 2.7 percent calculated on Friday, the Atlanta Fed said.

(Reporting by Richard Leong; Editing by Meredith Mazzilli)

You May Also Be Interested In

• Fed's Hammack: Would Probably Need 'some Number' Of Rate Hikes
• Trump: Compensation Should Be Paid To Families Of Iran Protesters
• Natural Gas Inventory 33 bcf vs 30 bcf Expected