Atlanta Fed raises U.S. second-quarter GDP view to 1.3%

NEW YORK (Reuters) – The U.S. economy is growing at a 1.3% annualized rate in the second quarter based on domestic construction spending data in April, the Atlanta Federal Reserve’s GDPNow forecast model showed on Monday.

This was a touch faster than the 1.2% pace estimated by Atlanta Fed’s GDP program on Friday.

(Reporting by Richard Leong; Editing by Chizu Nomiyama)

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