January 18, 2019 / 5:20 PM / in 3 months

N.Y. Fed raises U.S. first-quarter GDP view near 2.2 percent

FILE PHOTO: Workers weld drawers on the assembly line at Metal Box International toolbox factory in Franklin Park, Illinois, U.S., February 21, 2018. REUTERS/Timothy Aeppel/File Photo

NEW YORK (Reuters) - The U.S. economy is growing at a 2.17 percent pace in the first quarter based on data that showed an increase in domestic factory output in December and a rise in U.S. Mid-Atlantic business activity in early January, the New York Federal Reserve’s Nowcast model showed on Friday.

This was marginally higher than the 2.11 percent rate calculated by N.Y. Fed’s program a week ago.

Reporting by Richard Leong

0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below