Atlanta Fed pares U.S. second-quarter GDP estimate to 2.5 percent

NEW YORK (Reuters) - U.S. economy is on track to grow by a 2.5 percent annualized rate in the second quarter following the latest data on construction spending and manufacturing activity, Atlanta Federal Reserve's GDPNow forecast model showed on Wednesday.

The latest GDP estimate was lower than the 2.9 percent pace calculated on Tuesday, the regional Fed said on its website.

(Reporting by Richard Leong)

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