(Reuters) - Nevertheless, some key components of the report showed continuing resilience that may foster a healthier pace of expansion later in the year, while a Midwest manufacturing index pointed to a revival in factory activity in May.
The Commerce Department revised down its estimate for first-quarter expansion in gross domestic product, or GDP, to a 0.6 percent annual rate from the 1.3 percent that it estimated a month ago.
Read more at Reuters.com Business News
The Commerce Department revised down its estimate for first-quarter expansion in gross domestic product, or GDP, to a 0.6 percent annual rate from the 1.3 percent that it estimated a month ago.
Read more at Reuters.com Business News
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