The US economy rebounded somewhat during the June quarter, more than offsetting a poor first-quarter result, and with the labour market continuing to improve the outlook is bright for the second half of the year.
US government spending continues to weigh on broader economic activity, falling by 0. 2 per cent in the June quarter.
The labour market continues to improve, which should support the household sector and business investment, and suggests that the difficulties from earlier this year were only a temporary roadblock.
The housing sector showed modest signs of improvement during the June quarter — admittedly on the back of a number of mixed indicators — but continues to be a source of risk for the US economy.
Read more here: Business Spectator