U.S. economic growth for the first quarter is likely to be revised lower after d...
Construction lifts are parked near the Drydock Center in Boston, Massachusetts, U.S., June 2, 2017. REUTERS/Brian Snyder
The findings of the Commerce Department’s quarterly services survey, or QSS, come on the heels of data this week showing growth in manufacturing inventories in the first quarter was not as robust as initially estimated. Based on the QSS data, economists at JPMorgan and Action Economics estimated an additional one-tenth of a percentage point would be subtracted from the GDP estimate.
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