Economists Ratchet Up GDP Estimates After Construction Spending

By Steve GoldsteinMarketWatch Pulse

At least three Wall Street economists ratcheted up their estimates of second-quarter growth following June construction spending data, which included sizeable upward revisions to April and May. Barclays, BNP Paribas and High Frequency Economics each took their GDP estimate to 2.7% from the 2.3% initially reported.

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